prepare general journal :

Dec. 16 Accepted a $13,200, 60-day, 12% note dated this day in granting Juan Perez a time extension on his past-due account receivable.

31 Made an adjusting entry to record the accrued interest on the Perez note.

2017

Feb. 14 Received Perez's payment of principal and interest on the note dated December 16.

Mar.2 Accepted a $8,000, 6%, 90-day note dated this day in granting a time extension on the past-due account receivable from Stone Co.

17 Accepted a $3,600, 30-day, 9% note dated this day in granting Rita Griffin a time extension on her past-due account receivable.

Apr. 16 Griffin dishonored her note when presented for payment.

May 31 Stone Co. refused to pay the note that was due to Lee Co. on May 31. Prepare the journal entry to charge the dishonored note plus accrued interest to Stone Co.'s accounts receivable.

July 16

Received payment from Stone Co. for the maturity value of its dishonored note plus interest for 46 days beyond maturity at 6%.

Aug. 7 Accepted a $10,000, 90-day, 6% note dated this day in granting a time extension on the past-due account receivable of Wright Co.

Sep.3 Accepted a $4,200, 60-day, 8% note dated this day in granting Kathy Perry a time extension on his past-due account receivable.

Nov.2 received payment of principal plus interest from Perry for the September 3 note.

Nov. 5 Received payment of principal plus interest from Wright for the August 7 note.

Dec.1 Wrote off the Griffin account against the Allowance for Doubtful Accounts.