Question 9 Your answer is partially correct. Try again. On January 1, 2017, Sweet Co. had Accounts Receivable C148,030, Notes Receivable C45,600, and Allowance for Doubtful Accounts (34,100. The note receivable is from Kaye Noonan Ltd. It is a 4- month, 14% note dated December 31, 2016. Sweet prepares financial statements annually at December 31. During the year, the following selected transactions occurred. Jan 5 Sold 641,600 of merchandise to Zwingle SE, terms 1/15. 20 Accepted Zwingle's C41,600, 3-month, 119 note for balance due Feb. 18 Sold C31,600 of merchandise to Gerard AG and accepted Gerard's 31,600, 6-month, 12% note for the amount due Apr. 20 Collected Zwingle note in full 30 Received payment in full from Kaye Noonan on the amount due. May 25 Accepted Isabella Ltd.'s C26,600, 3-month, 12% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from Gerard on note due. 25 The Isabella note was dishonored. Isabella is not bankrupt; future payment is anticipated Sept. 1 Sold C16,190 of merchandise to Fernando Co. and accepted a C16,190, 6-month, 13% note for the amount due Date Account Titles and Explanation Debit Credit Jan. 5 Accounts Receivable 41,600 Sales Revenue 41,600 Jan. 20 Notes Receivable 41,600 Accounts Receivable 41,600 Feb. 18 Notes Receivable 31,600 > Sales Revenue 31,600 > | Apr. 20 Cash 55,328 Interest Revenue 13,728 Notes Receivable 41,600 Apr. 30 Cash 71,136 > x Interest Revenue 25,536 s Notes Receivable 45,600 May 25 Notes Receivable 26,600 Accounts Receivable 26,600 Aug. 18 Cash 54,352 Interest Revenue 22,752 Notes Receivable 31,600 Aug. 25 Taccounts Receivable 36,176 Notes Receivable 26,600 Interest Revenue 9,576 Sept. 1 Notes Receivable 16,190 Sales Revenue 16,190