DEMONSTRATION PROBLEM Garden Works Co, had a number of transactions involving receivables during the year 2017 Each of them follows. Required Prepare journal entries to record these independent transactions on the books of Garden Works Coches, 3. On November 15, 2017, Garden Works Co, agreed to accept 5500 in cash and a 52.00 say By Tote from Argo Company to settle its $2,500 past-due account. Determine the matur date and record the entry on November 15, on December 31, and on the date of man Garden Works Co. held a $1,800, 8X, 45-dag note of Altamira Industries. At naturity December 15. Altamira dishonoured the note. Record the dishonouring of the Note Receivable Garden Workstimates and desto be 35of net credil sales. Duri 2017 Sales W 200,000 of which he tor cash. Sales returis aud allowances for the yrar Sall related to credit sales Accounts receivable in the amount of 315 were donedas uncollectio and written off during 2017. Calculate the adjusted halance in the loss or divulaccounts at December 31, 2017 assuming a credit balance on dan 1-2017 STOOD