Exercise 11-6 (Algo) Note given to extend credit period LO P1 On March 1, LGE asks to extend its past-due $6,800 account payable to Tyson Tyson agrees to accept $1,600 cash and a 180 day, 8%,$5,200 note payable to replace the account payable: Note: Use 360 days a year. (1) Prepare the March 1 entry for LGE (2) Prepare the August 28 entry for LGE when it pays the note and interest to Tyson Journal entry worksheet Record LGE's entry to extend its past-due $6,800 account payable by paying cash of $1,600 and issuing a 180 -day, 8%,$5,200 note payable. Note: Enter debits before credits. Journal entry worksheet Record LGE's entry for payment of the note and interest to Tyson. Notax Enfor dohits hofore credits