Weldon Corporations fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2016:

Mar. 17		Accounts receivable of $2,800 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, 2017.
May 30		Discounted the $33,000 note at a local bank. The banks 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 $23,000. 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 $6,100 and accepted a $7,600 non interest-bearing note with a discount rate of 9%. The $7,600 payment is due on February 28, 2017. The stock has no ready market value.
Dec. 31		Bad debt expense is estimated to be 1% of credit sales for the year. Credit sales for 2016 were $810,000.

required: 1). prepare journal entries for each of the obovr transactions. 2). prepare any additional year-end adjusting entries indicated.