Prepare entries in general journal form to record these transactions by Wheat Company:

Jan. 13 Accepted a \(\$ 3,000\), 60 -day, \(12 \%\) note dated this day in granting a time extension on the past-due account of David Huerta.

Mar. 14 David Huerta dishonored his note when presented for payment.

Mar. 22 Accepted a \$2,100, 90 -day, \(10 \%\) note dated this day in granting a time extension on the past-due account of Rose Jones.
28 Discounted the Rose Jones note at the bank at \(16 \%\).
June 26 Since notice protesting the Rose Jones note had not been received, assumed the note had been paid.
28 Accepted \(\$ 700\) in cash and a \(\$ 1,300,60\)-day, \(12 \%\) note dated this day in granting a time extension on the past-due account of Jake Thomas.
July 22 Discounted the Jake Thomas note at the bank at \(14 \%\).
Aug. 29 Received notice protesting the Jake Thomas note. Paid the bank the maturity value of the note plus a \(\$ 20\) protest fee.
Sept. 7 Accepted a \(\$ 1,500,60\)-day, \(11 \%\) note dated this day in granting a time extension on the past-due account of Ginnie Bauer.
Oct. 13 Discounted the Ginnie Bauer note at the bank at \(14 \%\).
Nov. 9 Received notice protesting the Ginnie Bauer note. Paid the bank the maturity value of the note plus a \(\$ 20\) protest fee.
Dec. 6 Received payment from Ginnie Bauer of the maturity value of her dishonored note, the protest fee, and interest at \(11 \%\) on both for 30 days beyond maturity.
28 Decided the accounts of David Huerta and Jake Thomas were uncollectible and wrote them off against Allowance for Doubtful Accounts.
Problem 7-7A Analysis and journalizing of notes receivable transactions (L.O. 4, 5)