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 $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 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 $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 98. 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.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 March 17, 2021 Allowance for uncollectible accounts 2,800 View transaction list View journal entry worksheet No 1 Date General Journal Debit Credit March 17, 2021 Allowance for uncollectible accounts 2,800 2 Accounts receivable March 30, 2021 Notes receivable Cash 3 May 30, 2021 Interest receivable Interest revenue 4 May 30, 2021 Cash Loss on sale of notes receivable 5 June 30, 2021 Accounts receivable Sales revenue 6 July 08, 2021 Cash 7 Sales discounts. Accounts receivable August 31, 2021 Notes receivable Discount on notes receivable. Investments Gain on sale of investments December 21 33,000 2,800 33,000 3 May 30, 2021 Cash Interest receivable Interest revenue 4 May 30, 2021 Cash Loss on sale of notes receivable 5 June 30, 2021 Accounts receivable Sales revenue 6 July 08, 2021 Cash Sales discounts Accounts receivable 7 August 31, 2021 Notes receivable Discount on notes receivable Investments Gain on sale of investments 8 December 31, 2021 Discount on notes receivable Interest revenue December 31, 9 2021 Bad debt expense Allowance for uncollectible accounts 33,000