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 $3,000 were written off as uncollectible. The company uses the allowance method. March 30 Loaned an officer of the company $33,000 and received a note requiring principal and interest at 88 to be paid on March 30, 2025. May 30 Discounted the $33,000 note at a local bank. The bank's discount rate is 99. 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 2/10, n/30. Weldon uses the gross method to account for cash discounts. July 8 The Blankenship Company paid its account in full. value. August 31 Sold stock in a nonpublic company with a book value of $6,300 and accepted a $8,000 noninterest-bearing note with a discount rate of 98. The $8,000 payment is due on February 28, 2025. The stock has no ready market December 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 $920,000. The allowance had a balance of $25,000 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. Answer is complete but not entirely correct. No. Date General Journal Debit Credit 1 March 17, 2024 Allowance for uncollectible accounts 3,000 Accounts receivable 3,000 2 March 30, 2024 Notes receivable 33,000 Cash 33,000