Weldon Corporations fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2018:

Mar.		17		Accounts receivable of $2,700 were written off as uncollectible. The company uses the allowance method.
		30		Loaned an officer of the company $30,000 and received a note requiring principal and interest at 6% to be paid on March 30, 2019.
May		30		Discounted the $30,000 note at a local bank. The banks discount rate is 7%. The note was discounted without recourse and the sale criteria are met.
June		30		Sold merchandise to the Blankenship Company for $22,000. 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.
Aug.		31		Sold stock in a nonpublic company with a book value of $6,000 and accepted a $7,800 noninterest-bearing note with a discount rate of 7%. The $7,800 payment is due on February 28, 2019. The stock has no ready market value.
Dec.		31		Bad debt expense is estimated to be 2% of credit sales for the year. Credit sales for 2018 were $800,000.

Required:

1 & 2. Prepare journal entries for each of the above transactions and additional year-end adjusting entries indicated. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)