Question: please include work notes and figures On March 1, LGE asks to extend its past due $6,800 account payable to Tyson Tyson agrees to accept

please include work notes and figures

On March 1, LGE asks to extend its past due $6,800 account payable to Tyson Tyson agrees to accept $1,600 cash and a 180-day, 8%, $5,200 note payable to replace the account payable. (Use 360 days a year.) (1) Prepare the March 1 entry for LGE (2) Prepare the September 27 entry for LGE when it pays the note and interest to Tyson View transaction list Journal entry worksheet 2 Record LGE's entry to extend its past due 56,800 account payable by paying Cash of $1,600 and issuing a 180 day, 8% $5,200 note payable Note Enter debts before credits Date March 01 General Journal Debit Credit

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