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Current Attempt in Progress At the end of 2020 . Granger Corp. has accounts receivable of $492.500 and an allowance for doubtful accounts of $29,000,

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Current Attempt in Progress At the end of 2020 . Granger Corp. has accounts receivable of $492.500 and an allowance for doubtful accounts of $29,000, On January 24, 2021, Granger learns that its $11,300 receivable from Hutley Inc, is not collectible. Management authorizes a write off. But on March 4, 2021, Granger Corp, receives payment in full of $11,300 from Hutley Inc, after the write off. Prepare the required journal entries to record this transaction. (List all debit entries before credit entries. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts.) Current Attempt in Progress On August 1, Paver Ltd, accepted a $27.400 note from Borges Ltd, in settlement of an account receivable. The note bears interest of 6% and both principal and interest are due in two months, on October 1 . Interest on the note was accrued on August 31 and on September 30. On October 1. Borges paid the note, including the accrued interest. Prepare the journal entries required to record the above transactions. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Current Attempt in Progress Penny Worth Ltd. sells merchandise on April 1,2020, to Red River Enterprises in return for a 12-month, 9\%, $13,200 note, with interest due at maturity. The company uses a perpetual inventory system and the cost of the inventory sold was $7,920. Penny Worth has a December 31 year end and adjusts its accounts annually. Prepare the journal entries that Penry Worth will record with regard to this note from April 1, 2020, until the note matures on March 31.2021. (List all debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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