14-5. Jamie Slater negullat to record the bank loan. Group A Problems entries for the buyer first. Grou (The 14B 20X9 June 11 July 11 Oct. 9 Oct. 9 Lee Company received a 90-day, $5,000, 8% note for a time extension of a past due account of Rover Company. Collected the Rover Company note on the maturity date. Assume Rover Company defaulted on its July 11 note and record the dis- honored note. Rover Company paid the note receivable that was dishonored on October 9 (no additional interest is charged). Oct. 15 -A-2. On May 1, 20X4, Apples Company received a $30,000, 90-day, 9% note from 10%. Assuming the interest is deducted in advance, prepare the entry for (The forms you need are on pages 448-457 of the Study Guide and Working Papers.) 14A-1. Journalize the following entries for (1) the buyer and (2) the seller. Recon Lee Company sold $7,000 of merchandise on account to Rover Company