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2. record the cost of sales 3. record the write-off of uncollectible accounts. 4. record the collection of credit sale within the discount period. 5.

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2. record the cost of sales
3. record the write-off of uncollectible accounts.
4. record the collection of credit sale within the discount period.
5. record acceptance of 60-day, 7% note
6. record the credit card sale
7. record the cost of sales.
8. record the collection of note and interest.
9.record acceptance of three-month 6% note
10. record the accrued interest.
11. record the estimated uncollectible accounts.
12. record the dishonour of note.
13. record the reverse write-off.
14. record the collection of account previously written off.
15. record the write-off
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Sullivan Equipment Sales showed the following 2020 Jan. 15 26 20 Sold $25,200 of merchandise for $29,400 to Janco terma 3/5, 1/15. Wrote oft Tedun's account in the amount of $15,200. Collected the amount oving from the January 15 sale. from Nccepted a $12,080, 60-day, 7 note dated this day in granting Parker Holdinga a time extension on its pastdue account. Sold merchandise coating $62,200 for $71,400 to customers who used their Vina credit cards. Visa chargea a 11 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. Mar. 1 Apr. 15 ces 7 Nov. 1 Dec. 31 Accepted . $24,400, three-month, 69 note 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. 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 $1,620 on this date. Grant Company dishonoured ita note dated November 1, 2020 31 2021 2 Mar. 5 Recovered $1,500 from Derek Holston that was previously written oft 14 Wrote of the Crant Company account. Required: a. Determine the maturity dates of the March 1 and November 1 notes 2 Required: a. Determine the maturity dates of the March 1 and November 1 notes 90 points Maturity Data Date of Note March 1 November 1 RAL 2 b. Prepare entries as appropriate for each date. (Round the final answers to 2 decimal places. Use 365 days an year.) View transaction list bints Journal entry worksheet Book 1 2 3 4 5 6 7 8 Print 15 References Record the credit sales; terms 3/5, 1/15 Note: Enter debts before credits Transactions General Journal Debit Credit Racord entry Clear entry View general Journal look Print enco Analysis Component: Sullivan's receivable turnovers at December 31, 2020 and 2021 were 7 and 75, respectively. Select the correct option for whether the change in the ratio for Sullivan was favourable or unfavourable Change in the ratio

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