The following transactions of Viking Company, assuming they use the allowance method to

account for uncollectible accounts.

April 1 : Sold $ 2,500 of merchandise to Arthur Co. , Receiving an 8% , 90-day , $2,500

Notes .

April 15 : Wrote off $1,500 owed by Network Co.

April 30 : Received a $6,000 , 5% ,30-day note receivable from Calvin Co. as exchange for

its $6,000 account receivable .

May 30 : The note received from Calvin on April 30 was collected in full .

June 30 : Arthur Co. was unable to pay the note on the due date .

July 15 : Network Co. paid $1,000 of the amount written off on April 15 .

July 20 : Viking Company estimates that 0.5% of its $ 1,900,000 of credit sales would be

uncollectible .

Required : Prepare the journal entries .