Exercise 8-16 Dishonouring a note L04 Prepare journal entries to record these transactions Mar. Sept. Dec 21 Accepted a $6,200, six-month, 4% note dated today from Bradley Brooks in granting a time extension on his past-due account 21 Brooks dishonoured his note when presented for payment. 31 After exhausting all legal means of collection, wrote off Brooks's account against the Allowance for Doubtful Accounts. Exercke 8.17 Honouring a note L04 Prepare journal entries to record these transactions (round the answer to two decimal places) Oct. Dec. 31 Accepted a $15,000, six-month, 4.5% note dated today from Leann Grimes in granting a time extension on her past-due account. 31 Adjusted the books for the interest due on the Grimes note. 30 Grimes honoured her note when presented for payment. Apr