Transactions and Events Accounts Receivable Allowance for Bad Debts Sales Bad Debts Expense Cash Balance 11/30 160,000 (16,000) 1. December Sales 2. December Estimated Bad Debts 3. December write- offs of specific accounts 4. December Cash collections from customers 125,000 (1,000) Jnadjusted balance 5. December 31 adjusting entry 5. Adjusted Balance 2/31 Page 6 Problem 4. (10 points) Crow Bank lent Jones Company $300,000. This S300,000, 10% note dated October 1, 2016, is due on September 30, 2017. In the journal below: Prepare the 10/1/Year 1 entry to record the issuance of the note for cash lent to Jones The bank's year-end is December 31. Record the journal entry required at December 31, Year 1 for interest related to this note. (The bank only adjusts its accounts at year-end.) Prepare the journal entry to record the receipt of interest and principal at maturity on 9/30/Year 2 Debit Credit 10/1/Year 1 12/31/Year 1 9/30/Year 2 F9 F6 F7F8 E3