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 $3,100 were written off as uncollectible. The company uses the allowance method 30 loaned an officer of the company 539,000 and received note requiring principal and interest at & to be paid on March 3, 2922 Ray 30 Discounted the 599,000 note at a local bank. The banks discount rate is 9x. The note was discounted without recourse and the sale criteria are met. June 30 sold merchandise to the Blankenship Company for $25,000. Terms of the sale are 3/10, /30. Meldon uses the nethod to account for cash discounts. July 8 The Blankenship Company paid its account in full. Aug, 1 Sola stock in a nonpublic company with a book value of $5.400 and accepted. 57.400 noninterest-bearing noted tha Biscount rate of the 57.400 payment is due on February 20, 2022. The stock has no ready market value Dec 31 eloon estimates that the allowance for collectible accounts should have a balance ett year and culto of the grost accounts receivable balance of 5339,000. The alituance had balance of $25,000 at the start of 2021 Required: 1& 2. Prepare journal entries for each of the above transactions and add to year and adjusting entries indicated. (If no entry in required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations and round your finalenswers to nearest whole dollar Journal entry worksheet 1 2 4 5 5 7 9 >