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Journal Entries for Accounts and Notes Receivable  Pomona, Inc

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Journal Entries for Accounts and Notes Receivable 
Pomona, Inc., began business on January 1. Certain transactions for the year follow: 
Jun.8 
Aug.7 
Sep.1 
Dec.16 
Received a $30,000, 60 day, six percent note on account from R. Elliot. Received payment from R. Elliot on her note (principal plus interest). Received an $18,000, 120 day, seven percent note from B. Shore Company on account. Received a $14,400, 45 day, eight percent note from C. Judd on account. 
Dec.30 
B. Shore Company failed to pay its note. 
Dec.31 
Wrote off B. Shore's account as uncollectible. Ponoma, Inc. uses the allowance method of providing for credit losses. 
Recorded expected credit losses for the year by an adjusting entry. Accounts written off during this first year have created a debit balance in the Allowance for Doubtful Accounts of $24,500. An analysis of aged receivables indicates that the desired balance of the allowance account Dec.31 should be $21,300. 
Dec.31 
Made the appropriate adjusting entries for interest. 
Required Record the foregoing transactions and adjustments in general journal form. (Round all interest income calculations to the nearest dollar.)