On January 1, 2017, Sheffield SA had Accounts Receivable 94,720 and Allowance for Doubtful Accounts 7,300. Sheffield prepares financial statements annually at December 31. During the year, the following selected transactions occurred.

Jan. 5		Sold 8,100 of merchandise to Patrick Co., terms n/30.
Feb. 2		Accepted an 8,100, 4-month, 4% promissory note from Patrick for the balance due.
12		Sold 12,000 of merchandise to Marguerite SA and accepted Marguerites 12,000, 2-month, 5% note for the balance due.
26		Sold 8,800 of merchandise to Felton Co., terms n/10.
Apr. 5		Accepted a 8,800, 3-month, 9% note from Felton Co. for the balance due.
12		Collected Marguerite note in full.
June 2		Collected Patrick note in full.
July 5		Felton Co. dishonors its note of April 5. It is expected that Felton will eventually pay the amount owed.
15		Sold 8,800 of merchandise to Planke Co. and accepted Plankes 8,800, 3-month, 8% note for the amount due.
Oct. 15		Planke Co.s note was dishonored. Planke Co. is bankrupt, and there is no hope of future settlement.

Apr. 12Cash 12,100 Notes Receivable 12,000 Interest Receivable 100 Jun. 2 Cash 8,208 Notes Receivable 8,100 Interest Revenue 108 Jul. 5 Cash 8,998 Notes Receivable 8,800 Interest Receivable 198 Jul. 15 Notes Receivable 8,800 Accounts Receivable 8,800 Oct. 15