Exercise 8-17 Honouring a note LO4 2 Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $24,800, six-month, 5.5% note dated today from Leann Grimes in granting a time extension on her past-due account. Dec. 31 Adjusted the books for the interest due on the Grimes note. Apr. 30 Grimes honoured her note when presented for payment. View transaction list Journal entry worksheet 1 2. 3 Record entry for note accepted for $24,000, for 8 months at 5.50% dated today from Leann Grimes in granting a time extension on her past-due account. Note: Enter debits before credits Date General Journal Debit Credit 1 2 3 Record entry for note accepted for $24,000, for 6 months at 5.50% dated today from Leann Grimes in granting a time extension on her past-due account Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 View general journal Clery Recondi entry Grimes note. her note when presented for payment. View transaction list EX: 1 Record entry for note accepted for $24,000, for 6 months at 5.50% dated today from Leann Grimes in granting a time extension on her past-due account. 2 Record adjusting entry for the interest due on the Grimes note 3 Record the note honored, when presented for payment. ho Note: = journal entry has been entered