Question 1 of 2 View Policies Current Attempt in Progress -/51 On January 1, 2020, Blossom Wholesalers had Accounts Receivable 136,900, Notes Receivable 37.200, and Allowance for Doubtful Accounts 27,100. The note receivable is from Monty Company. It is a 4-month, 7% note dated December 31, 2019. Blossom prepares financial statemeats annually at December 31. During the year, the following selected transactions occurred. Jan. 5 20 Feb. 18 Apr.20 30 May 25 Aug 18 25 Sold 31,400 of merchandise to Sheldon Company, terms /15. Sept. 1 Accepted Sheldon's 31,400, 3-month, 6% note for balance due Sold 21,200 of merchandise to Patwary Company and accepted Patwary's 21.200, 6-month, 7% note for the amount due. Collected Sheldon note in full Received payment in full from Monty Company on the amount due Accepted Potter Inc's 16.400,3 month, 5% note in settlement of a past due balance on account. Received payment in full from Patwary on note due The Potter Inc. note was dishonored. Potter is not bankrupt future payment is anticipated Sold 12.000 of merchandise to Staebeough Company and accepted a 12,000, 6-month 8% note for the amount due Journalize the transactions Orst cost of goods sold entries) (Credit account titles are automatically indented when amount is enterat Do not indent manually Recond journal entries in the onder presented in the problem Date Account Titles and Explanation Type here to veaith E Debit Credit