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(6) Enter the balances at October 1 in the receivable accounts Post the entries to all of the re- ceivable accounts. (e) Show the balance sheet presentation of the receivable accounts at October 31. P9-7A On January 1. 2012. Pierre Company had Accounts Receivable $139.000. Notes Receiv- able $25.000. and Allowance for Doubtful Accounts $13.200. The note receivable is from Stacy Richter Company. It is a 4-month. 12% note dated December 31, 2011. Pierre Company prepares financial statements annually. During the year. The following selected transactions occurred. Jan. 5 Sold $20.000 of merchandise to Bernard Company. terms n/15. 20 Accepted Bernard Company's $20.000. 3-month. 9% note for balance duc. Feb. 18 Sold $8.000 of merchandise to LaBamba Company and accepted LaBamba's $8.000, 6-month. 9% note for the amount due. Apr. 20 Collected Bernard Company note in full. 30 Received payment in full from Stacy Richter Company on the amount due. May 25 Accepted Cloppy Inc.'s $4.000.3-month. 7% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from LaBamba Company on note due. 25 The Cloppy Inc. note was dishonored. Cloppy Inc. is not bankrupt future payment is anticipated. Sept. 1 Sold $12.000 of merchandise to Bessie Lou Company and accepted a $12.000. 6-month. 10% note for the amount due. Instructions (6) Enter the balances at October 1 in the receivable accounts Post the entries to all of the re- ceivable accounts. (e) Show the balance sheet presentation of the receivable accounts at October 31. P9-7A On January 1. 2012. Pierre Company had Accounts Receivable $139.000. Notes Receiv- able $25.000. and Allowance for Doubtful Accounts $13.200. The note receivable is from Stacy Richter Company. It is a 4-month. 12% note dated December 31, 2011. Pierre Company prepares financial statements annually. During the year. The following selected transactions occurred. Jan. 5 Sold $20.000 of merchandise to Bernard Company. terms n/15. 20 Accepted Bernard Company's $20.000. 3-month. 9% note for balance duc. Feb. 18 Sold $8.000 of merchandise to LaBamba Company and accepted LaBamba's $8.000, 6-month. 9% note for the amount due. Apr. 20 Collected Bernard Company note in full. 30 Received payment in full from Stacy Richter Company on the amount due. May 25 Accepted Cloppy Inc.'s $4.000.3-month. 7% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from LaBamba Company on note due. 25 The Cloppy Inc. note was dishonored. Cloppy Inc. is not bankrupt future payment is anticipated. Sept. 1 Sold $12.000 of merchandise to Bessie Lou Company and accepted a $12.000. 6-month. 10% note for the amount due. Instructions