Record the following transactions on the books of Blossom Co. (Omit cost of goods sold entries.) (Credit occount titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Blossom Co, sold merchandise on account to Stacey Inc, for $25,210, terms 4/10, n/30, (b) On July 8, Stacey Inc. returned merchandise worth $2,485 to Blossom Co. (c) On July 11, Stacey Inc, paid for the merchandise. At the end of 2021, Metlotk Co. has accounts receivable of $698,000 and an allowance for doubtful accounts of $27,500,0 n January 24. 2022, it is leamed that the company's receivable from Madonna inc, is not collectible and therefore management authorizes a write-off of $3.929. (a) Prepare the journal entry to record the write-oft. (Credit account titles are automatically indented when amount is entered. Do not indent manually (b) What is the cash realizable value of the accounts recelvable before the write-off and after the write-off? Bramble Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $370,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,664 (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $956 instead of a credit balance of $2,664, prepare the adjusting journal entry for bad debt expense. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually.) Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to 0 decimal places, es. 825. Round annual interest rate to 0 decimal ploces, es. 15\%. Use 360 days for colculation)