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Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2021: Mar. 17 Accounts receivable of $2,000 were written off as uncollectible. The company uses the allowance method. 30 Loaned an officer of the company $24,000 and received a note requiring principal and interest at 8% to be paid on March 30, 2022. May 30 Discounted the $24,000 note at a local bank. The bank's discount rate is 98. The note was discounted without recourse and the sale criteria are met. June 30 Sold merchandise to the Blankenship Company for $15,000. Terms of the sale are 4/10, n/30. Weldon uses the gross method to account for cash discounts. July 8 The Blankenship Company paid its account in full. Aug. 31 Sold stock in a nonpublic company with a book value of $5,300 and accepted a $6,400 noninterest-bearing note with a discount rate of 98. The $6,400 payment is due on February 28, 2022. The stock has no ready market value. Dec. 31 Weldon estimates that the allowance for uncollectible accounts should have a balance in it at year-end equal to 3% of the gross accounts receivable balance of $720,000. The allowance had a balance of $15,000 at the start of 2021. Required: 1 & 2. Prepare journal entries for each of the above transactions and additional year-end adjusting entries indicated. (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 dollar.) Answer is not complete. No Date Debit Credit 1 March 17, 2021 General Journal Allowance for uncollectible accounts Accounts receivable 2,000 . 2 2 March 30, 2021 24,000 Notes receivable Cash 24,000 ) 3 May 30, 2021 Interest receivable 320 Interest revenue 320 + 4 May 30, 2021 Cash 23,976 344 Loss on sale of notes receivable Interest receivable 320 24,000 Notes receivable 5 5 June 30, 2021 Accounts receivable 15,000 Sales revenue 15,000 6 6 July 08, 2021 Cash 14,400 600 Sales discounts Accounts receivable 15,000 7 7 6,400 August 31, 2021 Notes receivable Discount on notes receivable Investments 288 5,300 812 Gain on sale of investments 8 8 x 6,600 X December 31, 202 Bad debt expense Allowance for uncollectible accounts X 6,600 X 9 192 X x December 31, 202 Discount on notes receivable Interest revenue 192 X