Weldon Corporation's fiscal year ends December $31.$ The following is a list of transactions involving receivables that occurred during

$2024$:

March $17$ Accounts receivable of $$2,700$ were written off as uncollectible. The company uses the allowance method.

$30,2025.$

May $30$ Discounted the $$30,000$ note at a local bank. The bank's discount rate is $7\%.$ The note was discounted without recourse

and the sale criteria are met.

June $30$ Sold merchandise to the Blankenship Company for $$22,000.$ Terms of the sale are $\frac{2}{10},$ n$/30.$ Weldon uses the gross

method to account for cash discounts.

July $8$ The Blankenship Company paid its account in full.

discount rate of $7\%.$ The $$7,800$ payment is due on February $28,2025.$ The stock has no ready market value.

the gross accounts receivable balance of $$890,000.$ The allowance had a balance of $$22,000$ at the start of $2024.$

Required:

$1$ & $2.$ Prepare journal entries for each of the above transactions and additional year$-$end adjusting entries indicated.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round

intermediate calculations and round your final answers to nearest whole dollar.