Use the information provided to account for receivables in each of the below, independent scenarios: Scenario 1: Jackpot Company, which has a December 31 year end, has the folloning notes receivable. Jackpot records adjusting entries only at year end. Instructions a) Prepare the adjusting entry at December 31,2024 , to record accrued interest receivable Round all amounts to the nearest dollar. b) Calculate the total interest revenue that will be reported in the December 31,2024 , financial statements. Round all amounts to the nearest dollar. Scenario 2: Grill's Flooring Limited had credit sales of $400,000 in 2023 and a debit balance of $600 in the Allowance for Doubtful Accounts at year end. As at December 31, 2023, $120,000 of accounts receivable remains uncollected. The credit manager of Grill's Flooring prepared an agins schedule of accounts receivable and estimates that $5,000 will prove to be uncollectible. On March 4,2024, the credit manager authorizes a write-off of the \$1,000 balance owed by : Ludwig, Instructions a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2023 . b) Show the balance sheet presentation of accounts receivable on December 31,2023 . c) On March 4, 2024, assume the balance of Accounts Reccivable is $160,000 and the balance of Allowance for Doubtful Accounts is a credit of $3,000, before the write-off. Nake the appropriate entry to record the write-off of the Ludwig account. Also calculate the carrying amount of accounts receivable before and after the write-off. Continues next plege