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all of it please GL0701 - Based on Problem 7-5A LO C2, C3, P4 The following selected transactions are from Lauer Company 2 Year 1

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GL0701 - Based on Problem 7-5A LO C2, C3, P4 The following selected transactions are from Lauer Company 2 Year 1 Dec. 16 Accepted a $16,800, 60-day, 12% note in granting Leslie Stone a time extension on his past due account receivable. 31 Made an adjusting entry to record the accrued interest on the Stone note. Year 2 Feb. 14 Received Stone's payment of principal and interest on the note dated December 16. Mar Accepted a $11,000, 6%, 90-day note in granting a time extension on the past due account receivable from Griffin Co. 17 Accepted a $5,400, 30-day, 8% note in granting Kay Wright a time extension on her past-due account receivable. Apr. 16 Wright dishonored her note. May 31 Griffin Co. dishonored its note. Aug. Accepted a $16,000, 90 day, 8X note in granting a time extension on the past due account receivable of Lee Co. Sep. 3 Accepted a $7,800, 60-day, 10% note in granting Paul Brown a time extension on his past due account receivable. Nov 2 Received payment of principal plus interest from Brown for the September ) note. 5 Received payment of principal plus interest from Lee for the August 7 notes Wrote off the weight account against the Allowance for Doubtful Accounts. es Nov. Dec 1 Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Prey 1 of 1 Nav Journal entry worksheet

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