Following are transactions of Rural Company (round calculations to the nearest whole cent):
2014
Nov. 16, Accepted a $74,000, 90-day, 4% note dated this day in granting Bess Parker a time extension on her past-due account.
Dec. 31, Made an adjusting entry to record the accrued interest on the Parker note.
31 Closed the Interest Revenue account.
2015
Feb. 14, Received Parker's payment for the principal and interest on the note dated November 16.
28, Accepted a $36,000, 5.5%, 30-day note dated this day in granting a time extension on the past-due account of The Simms Co.
Mar. 1, Accepted a $62,000, 60-day, 4.75% note dated this day in granting Bedford Holmes a time extension on his past-due account.
30, The Simms Co. dishonoured its note when presented for payment.

Required
a. Prepare journal entries to record Rural's transactions.
b. Determine the maturity date of the note dated March 1. Prepare the entry at maturity assuming Bedford Holmes honours the note.