Do not use excel! I have to see the process of solving this question!

Presented below is information related to APAMA Corp. I. July 1 APAMA Corp. sold to LF Co. merchandise having a sales price of $10,000 with terms 2/10, net/60. APAMA records its sales and receivables net. July 5 Accounts receivable of $12,000 (gross) are factored with Malson Credit Corp. without recourse at a financing charge of 9%. Cash is received for the proceeds; collections are handled by the finance company. (These accounts were all past the discount period.) July 9 Specific accounts receivable of $9,000 (gross) are pledged to RED Credit Corp. as security for a loan of $6,000 at a finance charge of 6% of the amount of the loan. The finance company will make the collections. (All the accounts receivable are past the discount period.) LF Co. notifies APAMA that it is bankrupt and will pay only 10% of its account. Give the Dec. 29 entry to write off the uncollectible balance using the allowance method. (Note: First record the increase in the receivable on July 11 when the discount period passed.) APAMA conducts an individual assessment of a note receivable with carrying value of Dec. 31 $350,000. APAMA determines the present value of the note is $275,000. Instructions Prepare all necessary entries in general journal form for APAMA Corp. Presented below is information related to APAMA Corp. I. July 1 APAMA Corp. sold to LF Co. merchandise having a sales price of $10,000 with terms 2/10, net/60. APAMA records its sales and receivables net. July 5 Accounts receivable of $12,000 (gross) are factored with Malson Credit Corp. without recourse at a financing charge of 9%. Cash is received for the proceeds; collections are handled by the finance company. (These accounts were all past the discount period.) July 9 Specific accounts receivable of $9,000 (gross) are pledged to RED Credit Corp. as security for a loan of $6,000 at a finance charge of 6% of the amount of the loan. The finance company will make the collections. (All the accounts receivable are past the discount period.) LF Co. notifies APAMA that it is bankrupt and will pay only 10% of its account. Give the Dec. 29 entry to write off the uncollectible balance using the allowance method. (Note: First record the increase in the receivable on July 11 when the discount period passed.) APAMA conducts an individual assessment of a note receivable with carrying value of Dec. 31 $350,000. APAMA determines the present value of the note is $275,000. Instructions Prepare all necessary entries in general journal form for APAMA Corp