Prepare general journal entries to record the following transactions of Crafter Company:

1989 Dec. 14 Accepted a \(\$ 3,000,60\)-day, \(12 \%\) note dated this day in granting Ed Stafford a time extension on his past-due account.

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

31 Closed the Interest Earned account.

1990 Jan. 13 Discounted the Ed Stafford note at the bank at \(15 \%\).

Feb. 13 Received notice protesting the Ed Stafford note. Paid the bank the maturity value of the note plus a \(\$ 20\) protest fee.

Mar. 3 Accepted a \(\$ 2,100,11 \%, 60\)-day note dated this day in granting a time extension on the past-due account of Roy Frix.

27 Discounted the Roy Frix note at the bank at \(14 \%\).

May 5 Since notice protesting the Roy Frix note had not been received, assumed that it had been paid.

June 9 Accepted a \(\$ 2,400,60\)-day, \(10 \%\) note dated this day in granting a time extension on the past-due account of June Quigley.

Aug. 8 Received payment of the maturity value of the June Quigley note.

11 Accepted an \(\$ 1,800,60\)-day, \(11 \%\) note dated this day in granting Rita Adair a time extension of her past-due account.

31 Discounted the Rita Adair note at the bank at \(13 \%\).

Oct. 12 Received notice protesting the Rita Adair note. Paid the bank the maturity value of the note plus a \(\$ 20\) protest fee.

Nov. 9 Received payment from Rita Adair of the maturity value of her dishonored note, the protest fee, and interest on both for 30 days beyond maturity at \(11 \%\).

Dec. 27 Wrote off the Ed Stafford account against Allowance for Doubtful Accounts.