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Sullivan Equipment Sales showed the following. 2020 Jan. 15 Sold $25,450 of merchandise for $29,900 to Janco; terms 3/5, n/15. 16 Wrote oft Tedun's account in the amount of $15,450. 20 Collected the amount owing from the January 15 sale. Mar. 1 Apr. 15 Accepted a $12,180, 60-day, 7 note dated this day in granting Parker Holdings a time extension on its pastdue account. Sold merchandise conting $62,450 for $71,900 to c amers who used their Visa credit cards. Visa charges a 18 fee and deposits the cash electronically into toe retailer's account immediately at the time of sale. Parker Holdings honoured the note dated March 1. 2 Nov. 1 Dec. 31 Accepted a $24,900, three-month, 64 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 $1,645 on this date. 31 2021 7 Mar. 5 Grant Company dishonoured its note dated November 1, 2020. Recovered $1,500 from Derek Holston that was previously written off. Wrote off the Grant Company account. 14 Required: a. Determine the maturity dates of the March 1 and November 1 notes. Answer is complete and correct. Date of Note Maturity Date March 1 April 30, 2020 Cat Required: a. Determine the maturity dates of the March 1 and November 1 notes. Answer is complete and correct. Date of Note Maturity Date March 1 April 30, 2020 November 1 February 1. 2021 b. Prepare entries as appropriate for each date. (Round the final answers to 2 decimal places. Use 365 days an year.) No Transactions Answer is not complete. General Journal Accounts receivable - Janco Debit Credit 1 29,900.00 SIS Sales 29,900.00 N b Cost of goods sold Merchandise inventory 3 Allowance for doubtful accounts Accounts receivable - Fodun 9 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Merchandise inventory > 3 c. Allowance for doubtful accounts Accounts receivable - Fedun OO 4 d. Cash Sales discounts Accounts receivable - JanCo 0 5 e. Notes receivable - Parker Holdings Accounts receivable - Parker Holdings 6 f. Cash Credit card expense >> 7 9 Cost of goods sold Merchandise inventory 8 h. Notes receivable - Parker Holdings Interest income 9 1. Notes receivable-Grant Company Accounts receivable-Grant Company 10 Interest receivable Interest income >> Retur Interest income > 11 k. Bad debt expense Allowance for doubtful accounts . 12 1 Accounts receivable-Grant Company Interest receivable Interest income Notes receivable - Grant Company 13 m. Accounts receivable - Derek Holston Allowance for doubtful accounts OO 14 Cash Accounts receivable-Derek Holston 15 0 Allowance for doubtful accounts Accounts receivable - Grant Company 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

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