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Project 2 part 4 Question 3 of 4 1.84 / 2 On January 1, 2022. Novak Corp, had Accounts Receivable of $ 54,300 and Allowance

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Project 2 part 4 Question 3 of 4 1.84 / 2 On January 1, 2022. Novak Corp, had Accounts Receivable of $ 54,300 and Allowance for Doubtful Accounts of $ 3.700. Novak Corp prepares financial statements annually. During the year, the following selected transactions occurred Jan. 5 Fett 2 Sold $ 3.600 of merchandise to Rian Company, terms 30 Accepted a $3.600.4-month promissory note from Rian Company for balance due Sold 5 10.800 af merchandise to Cato Company and accepted Cato's $10.000, 2-month 10% note for the balance de Sold 55,400 of merchandise to Malcolm Co. term/10 12 26 Aor. 5 Accepted a 55,400, 3-month, 936 note from Malcolm Ca for balance due Collected Cato Company note in full 12 June 2 Collected Rian Company note in full Sold 52,000 of merchandise to Gerring and accepted a $ 2000. 6-month 13 note for the amount du 15 Type here to search O G 57" DE ING 3:10 PM 11AM2021 1.84/2 11! Question 3 of 4 Date Account Titles and Explanation Debit Credit Jan.5 Accounts Receivable 3600 Sales Revenue 3600 Feb. 2 Notes Receivable 3600 Accounts Receivable 3600 Feb. 12 Notes Receivable 10800 Sales Revenue 10800 Feb, 26 Accounts Receivable 5400 Sales Revenue 5400 Type here to search O 57"F 00 ENG Feb, 12 Notes Receivable 10800 Sales Revenue Feb. 26 Accounts Receivable 5400 Sales Revenue Apr. 5 Notes Receivable 5400 Accounts Receivable Apr.12 Cash 10980 Interest Revenue 3 Question 3 of 4 1.84/2 III Apr.12 Cash 10980 Interest Revenue 3700 Notes Receivable 10980 June 2 Cash 108 Interest Revenue 6.75 Notes Receivable 6.75 June 15 Notes Receivable 2000 Sales Revenue 2000

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