Twain Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred. Aug. 15 Sold $16,000 of accounts receivable to Nelson Factors, Inc. who assesses a 4% finance charge. 25 Made sales of $900 on VISA credit cards. The credit card service charge is 3%. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug. 15 Debit Credit Aug. 25 SHOW LIST OF ACCOUNTS Brief Exercise 186 Decca Distributors has the following transactions related to notes receivable during the last month of the year. Dec. 1 Loaned $12,000 cash to J. Cash on a 1-year, 5% note. 16 Sold goods to W. Jennings, receiving a $10,000, 60-day, 6% note. 31 Accrued interest revenue on all notes receivable. Journalize the transactions for Decca Distributors. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 Dec. 16 Dec. 31