Sullivan Equipment Sales showed the following. 2023 Jan. 15 Sold $25,900 of merchandise for $30,800 to JanCo; terms 3/5, n/15. Wrote off Fedun's account in the amount of $15,900. Collected the amount owing from the January 15 sale. 16 201 Mar. 1 Apr. 15. 7 Nov. 1 Dec. 31 2024 31 ? Accepted a $12,360, 60-day, 7% note dated this day in granting Parker Holdings a time extension on its past due account. Sold merchandise costing $62,900 for $72,800 to customers who used their Visa credit cards. Visa charges a 1% fee and deposits the cash electronically into the retailer's account immediately at the time of sale. Parker Holdings honoured the note dated March 1. Accepted a $25,800, three-month, 6% note dated this day in granting Grant Company a time extension on its past-due- account. Sullivan's year-end. Interest was accrued 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 unadjusted credit balance of $1,690 on this date. I Grant Company dishonoured its note dated November 1, 2023. Mar. 5 Recovered $1,500 from Derek Holston that was previously written off. 14 Wrote off the Grant Company account..