Exercise 9-6 (Algo) Note given to extend credit period LO P1 On March 1, LGE asks to extend its past-due $4,000 account payable to Tyson. Tyson agrees to accept $900 cash and a 180 -day, 8%, $3,100 note payable to replace the account payable. Note: Use 360 days a year. (1) Prepare the March 1 entry for LGE. (2) Prepare the August 28 entry for LGE when it pays the note and interest to Tyson. Journal entry worksheet Record LGE's entry to extend its past-due $4,000 account payable by paying cash of $900 and issuing a 180-day, 8%,$3,100 note payable. Note: Enter debits before credits