Question

please help with this accounting question!

Question 3 View Policies Current Attempt in Progress On January 1, 2022. Sheffield Corp. had Accounts Receivable of $56,300 and Allowance for Doubtful Accounts of $3,800. Sheffield Corp. prepares financial statements annually During the year, the following selected transactions occurred: Jan 5 Sold $4,400 of merchandise to Rian Company, terms 30 Feb. 2 Accepted a $4,400,4-month, 9% promissory note from Rian Company for balance due 12 Sold $11.280 of merchandise to Cato Company and accepted Cato's $11,280,2-month, 10% note for the balance due. 26 Sold 55,500 of merchandise to Malcolm Co, terms V10. Apr 5 Accepted a $5.500, 3-month, note from Malcolm Co. for balance de 12 Collected Cato Company note in full June 2 Collected Rian Company note in 15 Sold $ 1.900 of merchandise to GerriIncand accepted a $1,900, 6-month, 12% note for the amount due Journalize the transactions, Omit cost of goods sold entries(Credit account titles are automatically indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem.) Debit Credit Date Account Tities and Explanation

Answer 1

Journal Entries
Date	Account Title and explanation	Debit	Credit
Jan, 05	Account Receivable - Rian Company	$                      4,400
	Sales Revenue		$                          4,400
Feb, 02	9% Promissory Note	$                      4,400
	Account Receivable - Rian Company		$                          4,400
Feb, 12	Account Recievable - Cato Company	$                    11,280
	Sales Revenue		$                       11,280
Feb, 12	10% Note	$                    11,280
	Account Recievable - Cato Company		$                       11,280
Feb, 26	Account Receivable - Malcoim Co.	$                      5,500
	Sales Revenue		$                          5,500
Apr, 05	8% Note	$                      5,500
	Account Receivable - Malcoim Co.		$                          5,500
Apr, 12	Cash	$                    11,468
	10% Note		$                       11,280
	Interest Revenue ($ 11,280 X 10% X 2/12)		$                             188
June, 02	Cash	$                      4,532
	9% Promissory Note		$                          4,400
	Interest Revenue ($ 4,400 X 9% X 4/12)		$                             132
June, 15	Account Receivable - Gerri Inc.	$                      1,900
	Sales Revenue		$                          1,900
June, 15	12 % Note	$                      1,900
	Account Receivable - Gerri Inc.		$                          1,900