The Following Series of Transactions Occurred During 2014 and 2015

Essay

The following series of transactions occurred during 2014 and 2015 when Linwood Co.sold merchandise to John Moore.Linwood's annual accounting period ends on December 31.
$\begin{array}{|l|l|}\hline 10 / 01 / 14 & \text { Sold } \$ 12,000 \text { of merchandise to John Moore, terms } 2 / 10, n / 30 . \\\hline 11 / 15 / 14 & \begin{array}{l}\text { Moore reports that he cannot pay the account until early next year. He agrees to } \\\text { exchange the account for a 120-day, } 12 \% \text { note receivable. }\end{array} \\\hline \text { 12/31/14 } & \text { Prepared the adjusting journal entry to record accrued interest on the note. } \\\hline 03 / 15 / 15 & \begin{array}{l}\text { Linwood receives a check from Moore for the maturity value (with interest) of } \\\text { the note. }\end{array} \\\hline \text { 03/22/15 } & \begin{array}{l}\text { Linwood receives notification that Moore's check is being returned for non- } \\\text { sufficient funds (NSF). }\end{array} \\\hline 12 / 31 / 15 & \text { Linwood writes off Moore's account as uncollectible. }\\\hline\end{array}$

Prepare Linwood Co.'s journal entries to record the above transactions assuming they use the allowance method of accounting for uncollectible accounts.