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 $1,800 were written off as uncollectible. The company uses the allowance method. 30 Loaned an officer of the company $21,000 and received a note requiring principal and interest at 8% to be paid on March 30, 2022. May 30 Discounted the $21,000 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 $13,000. 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 $5,100 and accepted a $6,200 noninterest-bearing note with a discount rate of 9%. The $6,200 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 2% of the gross accounts receivable balance of $800,000. The allowance had a balance of $13,000 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.)