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February 1 4 Received Allen's payment of principal and interest on the note dated December 1 6 . March 2 Accepted a $ 1 0

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February 14 Received Allen's payment of principal and interest on the note dated December 16.
March 2 Accepted a $10,000,8%,90-day note in granting a time extension on the past-due account receivable from Carter Company
March 17 Accepted a $7,800,30-day, 8% note in granting Tony Turner a time extension on her past-due account receivable.
April 16 Turner dishonored her note.
31 Carter Company dishonored its note.
August 7 Accepted a $10,000,90-day, 8% note in granting a time extension on the past-due account receivable of Duerr Company
September 3 Accepted a $12,600,60-day,10% note in granting Spencer Lauer a time extension on his past-due account receivable.
November 2 Received payment of principal plus interest from Lauer for the September 3 note.
November 5 Received payment of principal plus interest from Duerr for the August 7 note.
December 1 Wrote off the Turner account against the Allowance for Doubtful Accounts.
\table[[Requirement,\table[[General],[Journal]],\table[[General],[Ledger]],Trial Balance,\table[[Schedule of],[Receivables]],\table[[Calculation of],[Interest]]]]
Enter the principal amount, interest rate, and number of days of interest to be recc total interest revenue agrees with the trial balance.
Dates: Januz
\table[[Cerez Company],[Calculation of interest revenue],[February 14- Allen note:,],[Principal,],[Interest rate,],[Number of days' interest to be recorded in Year 2,],[,],[,],[,],[Number of days' interest to be recorded in Year 2,],[,],[,],[Principal,],[Interest rate,],[Number of days' interest to be recorded in Year 2,],[,],[,]]
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