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Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2018: Mar. 17 Accounts receivable of $3,309 were written off as uncollectible. The company uses the allowance method. 30 Loaned an officer of the company $39,000 and received a note requiring principal and interest at 7% to be paid on March 30, 2819 the sale criteria are met account for cash discounts. May 38 Discounted the $39,009 note at a local bank. The bank's discount rate is 8x. The note was discounted without recourse and June 30 Sold merchandise to the Blankenship Company for S28,000. Terms of the sale are 2/10, n/30. Weldon uses the gross method to July 8 The Blankenship Company paid its account in full. Aug. 31 Sold stock in a nonpublic company with a book value of $6,688 and accepted a $8,100 noninterest-bearing note with a discount rate of 8%. The $8,100 payment is due on February 28, 2019 . The stock has no ready market value. Dec. 31 Bad debt expense is estimated to be 2% of credit sales for the year. Credit sales for 2018 were S860,eee. Required 1 & 2. Prepare journal entries for each of the above transactions and additional year-end adjusting entries indicated. (Do not round your intermediate calculations. Round your final answers to the neerest whole doller. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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