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Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving recelvables that occurred during 2024: March 17 Accounts receivable of $3,100 were uritten off as uncollectible. The company uses the allowance nethod. March 30 Loaned an officer of the company $39,000 and received a note requiring principal and interest at Bt to be May 30 Discounted the 339,000 . May 39 Discounted the $39,000 note at a local bank. The bank's discount rate is 94 . The note was discounted without June 305 recourse and the sate criteria are net. June 30 5otd merchandise to the Btankenship Company for $26,080. Terns of the sate are 3/18, n/30. Weldon uses the Juty 8 The Blankenship Company paid its account in August 31 Sotd stock in a nonpublic conpany sith a book yalue wotd stock in a nonpubtic conpany with a book value of $6,400 and accepted a $7,468 noninterest-bearing note with a discount rate of 94 . The $7,400 payment is due on February 28, 2025. The stock has no ready narket. December 31 Weldon estimates that the allowance for uncollectible accounts shoutd have a balance in it at year-end equal to 34 of the gross accounts receivable balance of $930,000. The allowance had a balance of $26, 600 at the start of 2024 . Required: 1 2. Prepare joumal entries for each of the above transactions and additional year-end adjusting entries indicated. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest whole dollar

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