Journal entry worksheet

Accepted a $$11,000,180-$day, $7\%$ note from Kelly White in granting a time

extension on her past$-$due account receivable.

Note: Enter debits before credits.

Journal entry worksheet

Adjusted the year$-$end accounts for the accrued interest earned on the White

note.

Note: Enter debits before credits.

Journal entry worksheet

White honored her note when presented for payment. Assume no reversing

entries were made on January $1.$

Note: Enter debits before credits.