1. Award: 10.00 points Sullivan Equipment Sales showed the following 2023 Jan 15 Sold $25,150 of merchandise for $29.300 to JanCo; terms 3/5, n/15 16 Wrote off Fedun's account in the amount of $15,150 20 Collected the amount owing from the January 15 sale Mar 1 Accepted a $12,060, 60-day, 7% note dated this day in granting Parker Holdings a time extension on its pasidue account Apr. 15 Sold merchandise costing $62.150 for $71.300 to customers who used their Visa credit cards. Visa charges a 1% fee and deposits the cash electronically into the retailer's account immediately at the time of sale ? Parker Holdings honoured the note dated March 1. Nov. 1 Dec 31 Accepted a $24,300, three-month, 6% nate dated this day in granting Grant Company a time extension on its past-due account Sullivan's year-end. Interest was accrued on outstanding notes receivable 31 Bad debts are based on an aging analysis that estimated $9.700 of accounts receivable are uncollectible. Allowance for Doubtful Accounts showed an unadjusted credit balance of $1.615 on this date 20241 Grant Company dishonoured its note dated November 1, 2023 Mar 5 Recovered $1,500 from Derek Holston that was previously written off. 14 Wrote off the Grant Company account Required: a. Determine the maturity dates of the March 1 and November 1 notes Date of Note March 1 November 1 Maturity Date b. Prepare entries as appropriate for each date. (Round the final answers to 2 decimal places. Use 365 days a year.) Journal entry worksheet < 1 2 3 4 5 6 Record the credit sales; terms 3/5, n/15. Note: Enter debits before credits. Transactions a 7 8 15 General Journal Debit Credit ^ View general journal Clear entry Record entry. Analysis Component: Sullivan's receivable turnovers at December 31, 2023 and 2021 were 7 and 7.5, respectively. Select the correct option for whether the change in the ratio for Sullivan was favourable or unfavourable. Change in the ratio