The trial balance before adjustment for Sheridan Company shows the following balances.

			Dr.		Cr.
Accounts receivable			$88,000
Allowance for doubtful accounts			2,300
Sales revenue					$489,400

The following cases are independent:

1.		To obtain cash, Sheridan factors without recourse $19,900 of receivables with Anila Finance. The finance charge is 11% of the amount factored.
2.		To obtain a one-year loan of $56,000, Sheridan assigns $67,100 of specific accounts receivable to Ruddin Financial. The finance charge is 8% of the loan; the cash is received.
3.		The company wants to maintain the Allowance for Doubtful Accounts at 4% of gross accounts receivable.
4.		The company wishes to increase the allowance account by 1.50% of sales. PASS JOURNAL ENTRIES FOR THE FOLLOWING.