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.

The following selected transactions are from Taylor Company Year 1 December 16 Accepted a $12,000, -day, 14 note in granting Rick Mitchell a time extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Mitchell note. Year 2 February 14 Received Mitchell's payment of principal and interest on the note dated December 16. March 2 Accepted a $9.000. 10. 90-day note in granting a time extension on the post-due account receivable from Parker Company March 17 Accepted $16,200, 3-day, bote in granting Rebert King a tine extension on her past-due account receivable. April 16 King dishonored her note. 31 Parker Company dishonored its note. August 7 Accepted a $18.00, 90-day, sate in granting time extension on the past-due account receivable of Nguyen Company Sestenber 3 Accepted. 515,400, to-day, 14 note in granting Juan Perer a tine extension on his past-due account receivable. November 2 Received payment of principal plus interest from Perer for the September 3 note. November 5 Received payment of principal plus interest from Nguyen for the August 7 note. December 1 Wrate off the King account against the Allowance for Doubtfut Accounts. Requirement General Journal General Ledger Balance Schedule of Calcutanen of Receivables Interest Prepare the journal entries related to notes receivable and accounts receivable. Hint: Use the "Calculation of Interest tab to ensure the accuracy of your entries. View transaction et Journal entry worksheet February 14 Received Mitchell's payment of principal and interest on the $12,000, 60-day, 10% note dated December 16. The Taylor Company does not prepare reversing entries. Verify the amount of interest using the CALCULATION OF INTEREST" tab