On 1 January 2017, Diego Ltd had Accounts Receivable $146 000; Notes Receivable $15 000; and Allowance for Doubtful Debts $13 200. The note receivable is from Annabelle Ltd. It is a 4-month, 12% note dated 31 December 2016. Diego Ltd prepares financial statements annually. During the year the following selected transactions occurred. 

Required

Journalise the transactions. 

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Jan. 5 Sold $16000 of merchandise to George Pty Ltd, terms n/15. 20 Feb. 18 Apr. 20 30 May 25 Accepted George Pty Ltd's $16000, 3-month, 9% note for balance due. Sold $8000 of merchandise to Swaim Ltd and accepted Swaim's $8000, 6-month, 10% note for the amount due. Collected George Pty Ltd note in full. Received payment in full from Annabelle Ltd on the amount due. Accepted Avery Ltd $6000, 3-month, 8% note in settlement of a past- due balance on account. Aug. 18 Received payment in full from Swaim Ltd on note due. 25 Sept. 1 The Avery Ltd note was dishonoured. Avery Ltd is not bankrupt and future payment is anticipated. Sold $10000 of merchandise to Young Pty Ltd and accepted a $10000, 6-month, 10% note for the amount due.