CALCULATOR PRINTER VERSION BACK Question 4 On January 1, 2020, Sandhill Company had Accounts Receivable $125,300, Notes Receivable $40,800, and Allowance for Doubtful Accounts $29,900. The note receivable is from Wingham Company. It is a 4-month, 8% note dated December 31, 2019. Sandhill Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred Y Jan 5 Sold $36,000 of merchandise to Sheldon Company, terms /15. 20 Accepted Sheldon Company's $36,000, 3-month, 7% note for balance due Feb. 18 Sold $24.400 of merchandise to Patwary Company and accepted Patwary's $24,400, 6-month, 8% note for the amount due Apr. 20 Collected Sheldon Company note in full 30 Received payment in full from Willingham Company on the amount due May 25 Accepted Potter Inc.'s $19,600, 3-month, 6% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from Patwary Company on note due 25 The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is antipated. Sept. 1 Sold $10,000 of merchandise to Stanbrough Company and accepted a $10,000, 6-month, 9% note for the amount due. Journalize the transactions. (Omit cost of goods sold entries) (Credit account cities are automatically indented when amount is entered. Do not indent manually. Recent journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit