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Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2024 : Narch 17 Accounts reseivable

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Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2024 : Narch 17 Accounts reseivable of $3,200 were written off as uncollectible. The conpany uses the allowance method. March 30 Loaned an officer of the company $36,600 and received a note requiring principal and interest at 5% to be paid on March 30,2025 May 30 Discounted the $36,60e note at a local bank. The bank's discount rate is 6. The note was discounted without recourse and the sale criteria are met. June 39 sold merchandise to the Elankenship Cospany for $27,090. Terns of the sale are 2/10,n/30. Weldon uses the gross method to account for cash discounts. July B. The Blankenship Company paid its account in full. August 31 sold stock in a nonpublic coepany with a book value of $6,500 and accepted a $7, sae noninterest-bearing note with a discount rate of 6x. The $7, 59e payment is due on February 28, 2025. The stock has no ready market value. Docenber 31 weldon estinates that the allowance for uncollectible accounts should have a balance in it at year-end equal to 35 of the gross accounts receivable balance of $940,000. The allowance had a balance of $27,069 at the start of 2024. Required: 182 . Prepare joumal entries for each of the above transactions and aditional 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 doliar

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