2012

Dec 16. Accepted a 10,800 60-day 8% note dated this day in granting Danny Todd a time extension on his past due accounts receivable.

Dec 31 Made an adjusting entry to record the accrued interest on the Todd note.

2013

Feb 14 Received Todd's payment of principal and interest on the note dated Dec. 16

Mar 2 Acepted an 6,100 8% 90-day note dated this day in granting a time extension on the past due account receivable from Midnight Co.

Mar 17 Accepted a 2400 30-day 7% note dated this day in granting Ava Privet a time extension on the past due account receivable.

Apr 16 Privet dishonored her note when presented for payment.

June 2 Midnight Co refuses to pay the note that was due to Ohlmeyer Co on May 31. Prepare the journal entry to charge the dishonored note plus accrued interest to Midnight Co's accounts reveivable.

Jul 17 Received payment from Midnight Co for the maturity value of the dishonored note plus interest for 46days beyond maturity at 8%.

Aug 7 Accepted an 7450 90-day 10% note dated this day in granting a time extension on his past due account receivable on Mulan Co.

Sept 3 Accepted a 2100 60-day 10% note dated this day in granting Noah Carson a time extension on his past due account receivable.

Nov 2 Received payment of principal plus interest from CArson for the Sept 3 note.

Nov 5 Received payment of principal plus interest from Mulan for the Aug 7 note.

Dec 1 Wrote off the Privet account against Allowance for Doubtful Accounts.

Prepare journal entries to record these transactions and events. Show the calculations. (Round amounts to the nearest dollar.)