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4. (20 points) Prepare journal entries for the following transactions of Feathers Company a, 5/1/21 Accepted a $9500, 45-day, 8% note receivable in granting Smith

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4. (20 points) Prepare journal entries for the following transactions of Feathers Company a, 5/1/21 Accepted a $9500, 45-day, 8% note receivable in granting Smith Company a time extension on their past-due note receivable. b. Smith Company honored the note at its maturity date, and paid the note in full. DATE GENERAL JOURNAL DEBIT CREDIT da116

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