Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2021: Mar. 17 Accounts receivable of $3,500 were written off as uncollectible. The company uses the allowance method. 30 Loaned an officer of the company $33,000 and received a note requiring principal and interest at 8% to be paid on March 30, 2022 May 30 Discounted the $33,000 note at a local bank. The bank's discount rate is 9%. The note was discounted without recourse and the sale criteria are met. June 30 Sold merchandise to the Blankenship Company for $30,000. Terms of the sale are 3/10, n/30. Weldon uses the gross method to account for cash discounts. July 8 The Blankenship Company paid its account in full. Aug. 31 Sold stock in a nonpublic company with a book value of $6,800 and accepted a $7,800 noninterest-bearing note with a discount rate of 9%. The $7,800 payment is due on February 28, 2022. The stock has no ready market value. Dec. 31 Weldon estimates that the allowance for uncollectible accounts should have a balance in it at year-end equal to 3% of the gross accounts receivable balance of $970,000. The allowance had a balance of $30,000 at the start of 2021. Required: 1 & 2. Prepare journal entries for each of the above transactions and additional year-end adjusting entries indicated. (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.) 1 March 17, 2021 3,500 Allowance for uncollectible accounts Accounts receivable 3,500 2 March 30, 2021 33,000 Notes receivable Cash 33,000 May 30, 2021 Interest receivable 440 Interest revenue 440 4 May 30, 2021 30,932 2,508 Cash Loss on sale of notes receivable Interest receivable Notes receivable 00 00 00 00 00 00 00 00 00 440 33,000 5 June 30, 2021 30,000 Accounts receivable Sales revenue 30,000 6 July 08, 2021 July no Cash Sales discounts Accounts receivable 29,100 900 30,000 7,800 351 X August 31, 2021 Notes receivable Discount on notes receivable Investments Gain on sale of investments 6,800 1,351 % 234 December 31, 202 Discount on notes receivable Interest revenue 234 9 29,100 X December 31, 202 Bad debt expense Allowance for uncollectible accounts 29,100 X