April Ltd. reported various selected balances in its 3 December 207 unadjusted trial balance: The following transactions and events are noted: 1. An analysis of accounts recelvable indicates that $850,000 are still in the discount period. An allowance of $85,000 is needed for sales discounts. 2. An analysis of accounts recelvable indicated that $203,000 of accounts receivable should be written oft of the remaining balance. 80% was current, and, after the allowance for sales discounts, approximately 5% was deemed doubtful. Of the 20% noncurrent. 75% was doubtful. 3. The U.S, account recelvable was recorded when the exchange rate was $1.15. The exchange rate at year-end was $1.08 4. The special account receivable was a single account recelvable from a customer with an excellent credit rating that was translerred to a financial institution at a discount rate of 4% duting the period. The cash collected from the financial institution was credited to an account called "Miscellaneous credits." Management has determined that this transaction was to be recorded as a sale/derecognition but has not yet made the necessary entry. 5. The company has a note recelvable that has not yet been recorded. The note is a $82,000, three-year note that bears an interest rate of 4%. Interest is paid annually. The note was issued on 1 November 207 because of a sale. The market interest rate for accounts of this risk is 8%. PVA of S1, and PVAD of S1) (Use oppropriate foctor(s) from the tables provided.) Required: Provide Journal entries to reflect the above items, (If no entry is required for a tronsoction/event, select "No journol entry required" in the first account field. Round time value foctor to 5 decimol ploces and final answers to the nearest whole dollor amount.) Required: Provide journal entries to reflect the above items, (If no entry is required for a transoction/ovent, select "No journol entry required" in the first occount field. Round time volue foctor to 5 decimol ploces and finol onswers to the neorest whole dollor omount.) Journal entry worksheet