Your answer is partially correct. Try again. on January 1, 2019, Tamarisk, Inc. had Accounts Receivable $131 000 Notes Receivable $27,600 and Allowance for Doubtful Accounts $16,600 The note receivable is from wilingham prepares financiel statements annually at December 31. During the year, the following selected transactions occurred. Re Company. It ls a 4 month, 9% note dated December 31, 2018. Tamarisk Inc. ing they , Jan. S Sold s21,600 of merchandise to Sheldon Company, terms y15. Feb. 18 Apr. 20 Accepted Sheldon Company's $21,600, 3-month, 8% note ror balance due. Sold $10,600 of merchandise to Patwary Company and accepted Patwary's $10,600, 6-month, g% note for the amount due. Collrcted Sheldon Company note in full. 30 Received payment in full from Willingham Company on the amount due. May 25 Accepted Potter Inc.'s $6,800, 3-month, 7% note in settlement of a past-due balance on account. Aug, 18 Recelved payment in full from Patwary Company on note due. Sept. 1 Sold S1 3,400 of merchandise to Stanbrough Company and accepted a $13,400, 6-month, 10% rate for the amount due. ournalize the transactions. (Ornit cost of gaods sold entries.) (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order 25 The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated presented in the probiem)