2. (9 POINTS) ON DECEMBER 13, CARELLI COMPANY RECEIVED A 145-DAY, 9 1/5% NOTE FOR $225,000 FROM A CUSTOMER FOR A SALE OF MERCHANDISE REQUIRED: A. PREPARE THE JOURNAL ENTRY ON DECEMBER 13 B. PREPARE THE ADJUSTING ENTRY ON DECEMBER 31, THE END OF THE YEAR C. CALCULATE THE MATURITY VALUE OF THE NOTE D. CALCULATE THE DATE WHEN THE NOTE IS DUE E PREPARE THE JOURNAL ENTRY THAT WILL BE MADE ON THE DATE THE NOTE IS DUE 3.L4 POINTS) PREPARE THE JOURNAL ENTRIES TO RECORD THE FOLLOWING TRANSACTIONS 7/12 WROTE OFF AS UNCOLLECTIBLE, $7,000 OF THE TARA MILLER ACCOUNT 9/1 UNEXPECTEDLY RECEIVED A CHECK FOR $7,000 FROM TARA MILLER 4. (2 POINTS) FERRIS COMPANY HAS CASH OF S70.000, SHORT-TERM INVESTMENTS OF 60,000, NET ACCOUNTS RECEIVABLE OF S86 INVENTORY OF S96,000, PREPAID EXPENSES OF S60 000, ACCOUNTS PAYABLE OF $50,000, UNEARNED REVENUE OF $20,000, NOTES PAYABLE OF $10,000, SALARY PAYABLE OF $6,000, MORTGAGE PAYABLE OF S100.000 BONDS PAYABI E OF $75,000. INCOME TAXES PAYABLE OF $4,000, GROSS SALES OF $520,000, SALES RETURNS OF $8.000 AND SALES DISCOUNTS OF $7,000 LAST YEAR'S NET ACCOUNTS RECEIVABLE WERE $114,000. COMPUTE THE FOLLOWING RATIOS: A QUICK RATIO B. AVERAGE DAYS' SALES UNCOLLECTED 5. (15 POINTS PREPARE THE JOURNAL ENTRIES TO RECORD THE FOLLOWING TRANSACTIONS APRIL 1 HUERTA COMPANY RECEIVED A 90-DAY, 9 % NOTE FOR 14,000 host JULY 1 WHEN ASKED FOR PAYMENT, ALEXANDRA JEAN DISHONORED HER NOTE JULY 13 RECEIVED PAYMENT IN FULL EROM ALEXANDRA JEAN, INCLUDING 12 PERCENT ALEXANDRA JEAN IN SETTLEMENT OF AN ACCOUNTS RECEIVABLE INTEREST FOR THE 12 DAYS SINCE THE NOTE WAS DISHONORED