5 0 points 01:59:13 eBook Print References Mc Graw Following are transactions of The Barnett Company: 2023 Dec. 16 Dec. 31 Dec. 31 2024 Feb. 14 Mar. 2 Mar. 17 Accepted a $3,750, 30-day, 4.5% note dated this day in granting Leroy Johnson a time extension on his past-due account. May 31 Received ATW's payment for the principal and interest on the note dated March 2. Accepted a $21, 500, 60-day, 5% note dated this day in granting Carmel Karuthers a time extension on her past-due account. Made an adjusting entry to record the accrued interest on the Karuthers note. Closed the Interest income account. Received Karuthers' payment for the principal and interest on the note dated December 16. Accepted an $8,550, 4%, 90-day note dated this day in granting a time extension on the past-due account of ATW Company. Prepare journal entries to record The Barnett Company's transactions. (Assume 365 days in a year. Round your answers to 2 decimal places.) No 1 View transaction list 2 View journal entry worksheet Date Dec 16, 2023 Dec 31, 2023 General Journal Notes receivable Accounts receivable-Carmel Karuthers Interest receivable Interest income Credit

Following are transactions of The Barnett Company: 2023 Dec. 16. Accepted a $21,500,60-day, 53 note dated this day in granting Carnol Karuthers a tine extension on her past-due account. Dec. 31 Made an adjusting entry to record the accrued interest on the Karuthers note. Dec. 31 closed the Interest income account. 2024 Feb. 14 Aeceived Karuthers' payment for the principal and interest on the note dated December 16. Mar: 2 Accepted an 58,550 , 48, 90-day note dated this day in granting a tien extension on the past-due account of ATW Conpany. past-due eccount. May 31 Received ATW's payment for the principal and interest on the note dated March 2. Prepare journal entries to record The Barnett Company's transactions. (Assume 365 days in a year, Round your answers to 2d places.) \begin{tabular}{|c|c|c|c|c|c|} \hline & No & Uate & Generar jouma & veort & Ureait \\ \hline \multirow[t]{2}{*}{/} & 1 & Dec 16,2023 & Notes recervable & & \\ \hline & & & Accounts receivable - Carmel Karuthers & & \& \\ \hline & 2 & Dec 31,2023 & Interest receivable & & \\ \hline & & & Interest income & & \\ \hline & 3 & Doc 31,2023 & Interest income & & \\ \hline & & & Income summary & & \\ \hline & 4 & Feb 14,2024 & Cash & & \\ \hline & & & Inlerest recervablo & & \\ \hline & & & Interest income & & \\ \hline & & & Notes receivable & & \\ \hline \multirow[t]{2}{*}{/} & 5 & Mar 02, 2024 & Notes tocenable & & \\ \hline & 1 & & Accounts recoivable - ATW Company & & \\ \hline & 6 & Mar 17,2024 & Notes recenable & & \\ \hline & & & Accounts receivable-Leroy Johnson & & \\ \hline & & & & & \\ \hline & 7 & Apr 17,2024 & Accounts receivable L Leroy Johinson & & \\ \hline & & & interest income & & \\ \hline & & & Notes receivable & & \\ \hline \end{tabular} Prev Sowed 10 point: 015e 35 cBook Dine Peferences