Exercise 8-17 Honouring a note LO4 9 Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $20,000, six-month, 3.0% 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. 10 points eBook View transaction list Print X: References > 1 Record entry for note accepted for $20,000, for 6 months at 3.00% 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. Credit 10 200.00