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The following selected transactions are from Duerr Company.

Year $1$

December $16$ Accepted a $$12,000,60-$day, $10\%$ note in granting Edward Lee a time extension on his past$-$due account receivable.

December $31$ Made an adjusting entry to record the accrued interest on the Lee note.

Year $2$

February $14$ Received Lee$$s payment of principal and interest on the note dated December $16.$

March $2$ Accepted a $$11,000,10\%,90-$day note in granting a time extension on the past$-$due account receivable from Lauer Company

March $17$ Accepted a $$17,400,30-$day, $8\%$ note in granting Jose Garcia a time extension on her past$-$due account receivable.

April $16$ Garcia dishonored her note.

$31$ Lauer Company dishonored its note.

August $7$ Accepted a $$14,000,90-$day, $8\%$ note in granting a time extension on the past$-$due account receivable of Stone Company

September $3$ Accepted a $$16,200,60-$day, $10\%$ note in granting Wang Lee a time extension on his past$-$due account receivable.

November $2$ Received payment of principal plus interest from Lee for the September $3$ note.

November $5$ Received payment of principal plus interest from Stone for the August $7$ note.

December $1$ Wrote off the Garcia account against the Allowance for Doubtful Accounts.