Sullivan Equipment Sales showed the following. 2020 Jan. 15 Sold $25,050 of merchandise for $29,100 to Janco; terma 3/5, 1/15. 16 Wrote off Pedun's account in the amount of $15,050. 20 Collected the amount owing from the January 15 sale. Mar. 1 Apr. 15 Accepted a $12,020, 60-day, 78 note dated this day in granting Parker Holdings a time extension on its pastdue account. Sold merchandise coating $62,050 for $71,100 to customers who used their Visa credit carda. Vins charges a 14 fee and deposite the cash electronically into the retailer's account immediately at the time of sale. Parker Holdings honoured the note dated March 1. 2 Nov. 1 Dec. 31 Accepted a $24,100, three-month, 69 note dated this day in granting Grant Company time extension on its past-due account. Sullivan's year-end. Interest was acerued on outstanding notes receivable. Bad debts are based on an aging analysis that estimated $9,700 of accounts receivable are uncollectible. Allowance for Doubtful Accounts showed an adjusted credit balance of $1,605 on this date. 31 2021 ? Grant Company dishonoured its noto dated November 1, 2020. Mar. 5 Recovered $1,500 from Derek Holston that was previously written off. Wrote of the Grant Company account. 14 Required: a. Determine the maturity dates of the March 1 and November 1 notes Maturity Date Date of Note March 1 November 1 b. Prepare entries as appropriate for each date. (Round the final answers to 2 decimal places. Use 365 days an year) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 15 Record the credit sales; terms 3/5, 1/15 Note: Enter debits before credits Transactions General Journal Debit Credet Record entry Clear entry View general Journal Analysis Component: Sullivan's receivable turnovers at December 31, 2020 and 2021 were 7 and 7.5, respectively. Select the correct option for whether the change in the ratio for Sullivan was favourable or unfavourable. Change in the ratio