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Sunland Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to

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Sunland Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $63,600 cash to C. Bohr on a 12-month, 9% note. Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $5,400, 90-day, 8% 16 Received a $14,400, 180-day, 6% note to settle an open acc 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Sunland Co. (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. Use 360 days for calculation.) Date Account Titles and Explanation Debit Current Attempt in Progress The ledger of Windsor, Inc. at the end of the current year shows Accounts Receivable $83,000; Credit Sales $810,000; and Sales Returns and Allowances $39,000. (a) If Windsor uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Windsor determines that Matisse's $850 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $1,300 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable. (C) If Allowance for Doubtful Accounts has a debit balance of $500 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 7% of accounts receivable. Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) 31 Dec. (b) 31 Dec

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