You may omit explanations.

5. (20 points) Prepare general journal entries for the following transactions of Viking Company assuming they use the allowance method to account for uncollectible accounts, and the perpetual method for accounting for inventory. Omit explanations. Apr Sold $2,500 of merchandise to Arthur Co., receiving an 8%, 90-day, $2,500 note in exchange. The cost of the merchandise was $1,300. 1 15 Wrote off $1,500 owed by Network Co 30 | Received a $6,000, 5%, 30-day note receivable from Calvin Co. in exchange for its $6,000 account receivable. May 30 The note received from Calvin on April 30 was collected in full. June 30 Arthur Co. was unable to pay the note on the due date, and the account was written off Apr 1 15 30 May 30 June 30