Ex 9-10 Honoring a note Prepare journal entries to record these selected transactions for Eduardo Company. Nov. 1 Accepted a $5,000, 180-day, 6% note dated November 1 from Melosa Allen in granting a time extension on her past-due account receivable. Dec. 31 Apr. 30 Adjusted the year-end accounts for the accrued interest earned on the Allen note. Allen honors her note when presented for payment; February has 28 days for the current year. Ex 9-11 Dishonoring a note Prepare journal entries to record the following selected transactions of Paloma Company for 2015. Mar. 21 Sept. 17 Dec. 31 Accepted a $3,100, 180-day, 10% note dated March 21 from Salma Hernandez in granting a time extension on her past-due account receivable. . Hernandez dishonors her note when it is presented for payment. After exhausting all legal means of collection, Paloma Company writes off Hernandez's account against the Allowance for Doubtful Accounts.