On January 1, 2014, Oswalt Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $3,700. Oswalt Company prepares financial statements annually. During the year, the following selected transactions occurred.
Jan. 5 Sold $4,000 of merchandise to Ross Company, terms n/30.
Feb. 2 Accepted a $4,000, 4-month, 9% promissory note from Ross Company for balance due.
12 Sold $12,000 of merchandise to Cano Company and accepted Cano’s $12,000, 2-month, 10% note for the balance due.
26 Sold $5,200 of merchandise to Meachum Co., terms n/10.
Apr. 5 Accepted a $5,200, 3-month, 8% note from Meachum Co. for balance due.
12 Collected Cano Company note in full.
June 2 Collected Ross Company note in full.
15 Sold $2,000 of merchandise to Glanvile Inc. and accepted a $2,000, 6-month, 12% note for the amount due.

Instructions
Journalize the transactions. (Omit cost of goods sold entries.)