April Ltd$.$ reported various selected balances in its $31$ December $20$X$7$ unadjusted trial balance:

Accounts receivable $ $1,980,000$ dr$.$

Special accounts receivable $261,000$ dr$.$

Accounts receivable$$U$.$S$.115,000$ dr$.$

Allowance for doubtful accounts $176,950$ cr$.$

Allowance for sales discounts $49,500$ cr$.$

The following transactions and events are noted:

$1.$ An analysis of accounts receivable indicates that $$980,000$ are still in the discount period. An allowance of $$98,000$ is needed for sales discounts.

$2.$ An analysis of accounts receivable indicated that $$216,000$ of accounts receivable should be written off. Of the remaining balance, $70\%$ was current, and, after the allowance for sales discounts, approximately $5\%$ was deemed doubtful. Of the $30\%$ noncurrent, $65\%$ was doubtful.

$3.$ The U$.$S$.$ account receivable was recorded when the exchange rate was $$1\mathrm{.}15.$ The exchange rate at year$-$end was $$1\mathrm{.}10.$

$4.$ The special account receivable was a single account receivable from a customer with an excellent credit rating that was transferred to a financial institution at a discount rate of $5\%$ during the period. The cash collected from the financial institution was credited to an account called $$Miscellaneous credits.$$

$5.$ Management has determined that this transaction was to be recorded as a sale$/$derecognition but has not yet made the necessary entry.

$6.$ The company has a note receivable that has not yet been recorded. The note is a $$98,000,$ three$-$year note that bears an interest rate of $5\%.$ Interest is paid annually. The note was issued on $1$ November $20$X$7$ because of a sale. The market interest rate for accounts of this risk is $10\%.$

Prepare the following journal entries:

$1.$ Record the Allowance for sales discounts.

$2.$ Record the allowances for doubtful accounts.

$3.$ Record the bad debt expenses.

$4.$ Record the entry for exchange loss.

$5.$ Record the cash collected from financial institution was credited to an account called $$Miscellaneous credits.$$and at a discount rate of $5\%$ during the period.

$6.$ Record the notes receivable of $98,000,$ three year note that bears interest rate of $5\%.$

$7.$ Record the entry for interest receivable and discount on notes receivable.

Please use the present value tables to calculate as well. Please explain all numbers in detail including basic information. Thank you very much in advance.