Question 4 On January 1, 2020, Wildhorse Company had Accounts Receivable $133,800, Notes Receivable $39,600, and Allowance for Doubtful Accounts $28,100. The note receivable is from Willingham Company. It is a 4-month, note dated December 31, 2019. Wildhorse Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred. Jan 5 Sold $35,200 of merchandise to Sheldon Company, terms 1/15, 20 Accepted Sheldon Company's $35,200, 3-month, 7% note for balance due Feb. 18 Sold $24,400 of merchandise to Patwary Company and accepted Patwary's $24,400, 6-month, 8% note for the amount due. Apr. 20 Collected Sheldon Company note in full. 30 Received payment in full from Willingham Company on the amount due. May 25 Accepted Potter Inc.'s $21,000, 3-month, 6% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from Patwary Company on note due 25 The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated. Sept. 1 Sold $12,700 of merchandise to Stanbrough Company and accepted a $12,700, 6-month, 9% note for the amount due. Journalize the transactions. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually- Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit