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Question 11 5 pts (Continued from question 10): Assume during March Minnesota Financing Company is able to collect $273,000, and notifies Seymour of $5,000 of

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Question 11 5 pts (Continued from question 10): Assume during March Minnesota Financing Company is able to collect $273,000, and notifies Seymour of $5,000 of returns, $2,000 of sales discounts, and $22,000 of uncollectible accounts. Provide the appropriate journal entry for Seymour to reflect these events. (Hint: the fact that uncollectibles exceeded Seymour's estimated recourse obligation results in an additional loss for the company.)

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