Question: March 2 Accepted an $9,000, 10%, 90-day note in granting a time extension on the past-due account receivable from Parker Company March 17 Accepted a

March 2 Accepted an $9,000, 10%, 90-day note in granting a time extension on the past-due account receivable from Parker Company
March 17 Accepted a $10,200, 30-day, 8% note in granting Robert King a time extension on her past-due account receivable.
April 16 King dishonored her note.
May 31 Parker Company dishonored its note.
August 7 Accepted a(n) $18,000, 90-day, 8% note in granting a time extension on the past-due account receivable of Nguyen Company
September 3 Accepted a $17,400, 60-day, 10% note in granting Juan Perez a time extension on his past-due account receivable.
November 2 Received payment of principal plus interest from Perez for the September 3 note.
November 5 Received payment of principal plus interest from Nguyen for the August 7 note.
December 1 Wrote off the King account against Allowance for Doubtful Accounts. No additional interest was accrued.

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