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On January 1, 2022, Blossom Company had Accounts Receivable of $57,800 and Allowance for Doubtful...

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Accounting

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On January 1, 2022, Blossom Company had Accounts Receivable of $57,800 and Allowance for Doubtful Accounts of $4,000. Blossom Company prepares financial statements annually. During the year, the following selected transactions occurred. Jan. 5 Sold $4,200 of merchandise to Rian Company, terms n/30. Feb.2 Accepted a $4,200,4-month, 9% promissory note from Rian Company for balance due. 12. Sold $10,800 of merchandise to Cato Company and accepted Cato's $10,800,2-month, 10% note. 26 Sold $4,800 of merchandise to Malcolm Co, terms n/10. Apr. 5 Accepted a $4,800,3 month, 8% note from Malcolm Co. 12. Collected Cato Company note in full. June 2 Collected Rian Company note in full. 15 Sold $1,900 of merchandise to Gerri Inc. and accepted a $1,900,6-month, 12% note. Journalize the transactions. (Omit cost of goods sold entries.) (Do not round intermediate calculations Round final answers to o decimal places, es. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter Ofor the amounts.)

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