COM The following selected transactions are from Hall Company. Year 1 December 16 Accepted a 513,200, 60-day, 12% note in granting Wang Lee a tine extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Lee note Year 2 February 14 Received Lee's payment of principal and interest on the note dated December 16, March 2 Accepted a $10,000, o, 90-day note in granting a tine extension on the past.due account receivable from Collins Company March 17 Accepted a $10,800, 30 day. 7 note in granting Kathy Perry a tine extension on her past due account receivable April 16 Perry dishonored her note. 31 Collins Company dishonored its note. August 7 Accepted a $20,000, 90 ay. ON note in granting a tine extension on the past.due account receivable of Brown Company September 3 Accepted a $3,000,60.day, 10% note in granting Hao Lee a time extension on his past due account receivable. November 2 Received payment of principal plus interest fron Lee for the September 3 note. November 5 Received payment of principal plus interest fron Brown for the August 7 note December 1 wrote off the Perry account against the Allowance for Doubtful Accounts General In urmal General Ledger Trial Balance Schedule of Receivables Requirement Calculation of Interest Save hr Project 3 Ch 7/8 Check 2 catelation of interest revem February 14 - Lee note: Principe interest rate Number of days werest to be recorded in Year 2 Number of days is to be recorded in Year 2 Pino Interest rate Number of days nterest to be recorded in Year 2 Number of days interest to be recorded in Yen 2 Principal Interest rate Number of days interest to be recorded in Year 2 395 points B Number of days interest to be recorded in Year 2 Print References Number of days interest to be recorded in Year 2 0 Total interest revenue . Year 2