Question $7($Receivables$)(70$ points$)$

Swanson Horticultural Distributors had $2023$ sales of $$16,500,000,$ all of which were sales on credit. At the end of the year, their accounts receivable were $$1,308,200.$ Here is an aging table of these receivables:

$\backslash$table$[[$Swanson Horticultural Distributors$],[$Expected Amount of Accounts Receivable that is Uncollectible$],[$As of December $31,2023],[\backslash$table$[[$Age of Accounts$],[$Receivables$]],,\backslash$table$[[$Accounts$],[$eceivables$],[$Amount$]],\backslash$table$[[$Probability of$],[$not Collecting$]],\backslash$table$[[$Expected Uncollectible$],[$Amount$]]],[$Current$,$$$,1,080,750,1\%,10,807\mathrm{.}50],[$Past due: $1-30$ days,$$,33,350,3\%,1,000\mathrm{.}50],[$Past due: $31-60$ days,$$,12,000,10\%,1,200],[$Past due: $61+$ days,$$,182,100,40\%,72,840],[$Totals$,$$$,1,308,200,,85,848]]$

a$)$ Complete the Expected Uncollectible Amount column above

b$)$ Journalize the following

a$.$ The bad debts expense and allowance for doubtful accounts as of December $31,2023.$

b$.$ The write$-$off of a $$12,256$ receivable from the customer Sky Nursery on April $5$

c$.$ On August $15,$ Sky Nursery surprisingly paid $50\%$ of their original receivable $($that was written off on April $5),$ and also agreed to a Note Payable $($a Note Receivable for Swanson$)$ for the remaining balance $($Hint: this entry will require five lines$)$

d$.$ At the end of $2024,$ assume that Swanson estimated an expected uncollectible amount of $$95,000,$ but that there was a $$6,000$ debit balance in their allowance account. Journalize the bad debt expense and allowance amount as of December $31,2024.$

e$.$ The August $15,2024$ Note Receivable from Sky Nursery is payable in one year and carries an interest rate of $6\mathrm{.}0\%.$ Enter the accrued interest revenue as of December $31,2024.$

$\backslash$table$[[,,,,],[$DATE$,,$ACCOUNT TITLE,DEBIT,CREDIT$],[$A$)12,31,$Bad Debt Expense,$$85,848,],[,,$Allowance for doubtful accts.,,$$85,848],[$B$)4,5,$Allowance for doubtful accts.,$$12,256,],[,,$A$/$R $-$ Sky Nursery,,$$12,256],[$C$)8,15,$A$/$R$-$ Sky Nursery,$$12,256,],[,,$Allowance for doubtful accts,,$$12,256],[,,$Cash,$$6,128,],[,,$Note Receivable$-$ Sky Nursery,$$6,128,],[,,$A$/$R$-$ Sky Nursery,,$$12,256],[$D$)12,31,$Bad Debt Expense,$$101,000,],[,,$Allowance for doubtful accts.,,$$101,000],[$E$)8,15,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$