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32 2 On March 1, LGE asks to extend its past-due $1,200 account payable to Tyson. Tyson agrees to accept $200 cash and a
32 2 On March 1, LGE asks to extend its past-due $1,200 account payable to Tyson. Tyson agrees to accept $200 cash and a 180-day, 8 $1.000 note payable to replace the account payable. (Use 360 days a year) Prepare the March 1 entry for LGE (2) Prepare the August 28 entry for LGE when it pays the note and interest to Tyson Journal entry worksheet Record LGE's entry to extend its pest-due $1,200 account payable by paying cash of $200 and issuing a 180-day, 8%, $1,000 note payable Note: Enter debits before credits Date March 01 General Journal Debit Credit Record entry Clear entry View general journal O
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