Ly Test 1 ~ Lyryx Learning Inc - Google Chrome - X lifa1.lyryx.com/quiz-servlets/QuizServlet?ccid=11218 + - + - Question 2 [10 points] Prepare journal entries to record Stake Technology Inc.'s transactions. Round all values to the nearest cent. a. February 1, 2014: Stake Technology Inc. Accepted a note from Avery Wilson for $8,000, 6-month, 9% dated this day granting a time extension on the past-due account. b. Determine the date that transaction (a) matures and record the entry to show the collection. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Page GJ1 Date Account/Explanation F |Debit Credit +- + - Question 3 [5 points] Barton Corporation had credit sales of $2,600,000 in 2014. At year End, December 31, 2014 the company's Allowance for Doubtful Accounts had an unadjusted credit balance of $12,000. The accountant for Barton Corporation has prepared a schedule of the December 31. 2014 accounts receivable by age and. on the basis of past experience, has estimated the percentage Type here to search O ? 150C ~ 0 4 ( 41) ENG 7:49 AM 2021-10-04