West Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2013 1. Mar 17: Account Receivable of $1,700 were written off as uncollectible. The company uses the allowance method 2. Mar 30: Loaned an officer of the company $20,000 and received a note requiring principal and interest at 7% to be paid on Mach 30,2014 3. June 30: sold merchandise to the Blankenship Company for $12,000. Terms of the sale are 2/10, n/30. West uses the gross method to account for cash discounts 4. July 8 The Blankenship Company paid its account in full within 10 days (2% discount was taken) 5, Dec 31 Bad Debt expense is estimated to be 2% of Accounts Receivable for the year. Account receivable balance at of 2013 was $700,000. The credit balance of Allowance for doubtful accounts at the beginning of 2014 was $3,400 Hint: remember to include the Mar 17's transaction before determine the amount to be recorded Required Prepare journal entries for each of the above transactions (round all calculations to the nearest dollar)