using the information provided above address, each of the following matters related to receivables

1-give me adjusted entry lynn co must make for estimated credit losses at December 31

2-give the entries Lynn must make to record 2023 events related to accounts receivables *the write off may *partial collection oct 15

Lynn Co. makes the majority of its sales on a credit basis, and the company uses the allowance method to account for credit losses, Lynn adjusts its accounts just once a year, at the December 31 year-end. Consider the following balances available from Lynn's unadjusted trial balance at year-end 2022 : Lynn prepared an aging of accounts at year-end 2022, as follows: On May 23, 2023, Lynn wrote off a past-due receivable balance of \$34,870. Later, on October 15,2023 , Lynn received a check from this customer for $7,575 as partial payment on the written off balance. Notes Receivable On December 31, 2023, Lynn Co. received a 4-year, 6%,$74,385 promissory note as consideration in an inventory sale transaction on that date. The note requires the customer to pay interest annually on December 31 (2024 through 2027). The going market rate of interest for comparable notes on the issue date was 9%. another customer as consider a 1-year promissory note from bearing, and it calls for 2024 maturity calls for the customer to pay the full-face value of $92,540 on the December 31 . 8%. Applying GAAP, Lynn uses the effective-interest method to amortize premiums and discounts on all of its promissory notes. Receivables - Data Analytics Below, you are provided information on the receivables and related allowance for credit losses for three members of the S\&P 100. The information is provided for the years 2020, 2021 and 2022. All amounts are stated in millions of dollars