Weldon Corporations fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2021:

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, 2022.
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 noninterest-bearing note with a discount rate of 9%. The $7,600 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 $900,000. The allowance had a balance of $23,000 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.)