Perform the following exercises in which you must analyze the methods to evaluate accounts receivable, perform notes receivable exercises and define the different types of accounts receivable:

1. Define and explain short-term and long-term accounts receivable.

2. Equipos y Ms a is an electronic equipment company and had several notes receivable. Journalizes the entries of the following accounts receivable:

Fecha	Transaccin
10 de February	Received a note receivable for $ 150,000 with a term of 4% and 60 days for payment
12 de march	A note receivable for $ 185,000 was received with a 6% term and 120 days to pay.
3 de april	Received $ 150,984 of the February 10 note receivable.
16 may	A note receivable of $ 125,000 was received with a 5% term and 40 days to pay.
2 de june	$ 188,640.80 of the March 12 note receivable was received.
11 de October	A note receivable of $ 210,000 was received with a term of 8% and 90 days for payment.
11 de November	$ 214,126.08 was received from the account receivable on October 11.