Exercise 8-17 Honouring a note LO4 Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $16,000, six-month, 6.0% 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. Journal entry worksheet Record entry for note accepted for $16,000, for 6 months at 6.00% dated today from Leann Grimes in granting a time extension on her past-due account. Note: Enter debits before credits. Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $16,000, six-month, 6.0% 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. Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct. 31 Accepted a $16,000, six-month, 6.0% 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. Journal entry worksheet Record the note honored, when presented for payment. Note: Enter debits before credits