February 19 journal entry and amounts

Prepare journal entries to record the following transactions by Ericton Industries: (Assume 365 days in a year. Round your answers to 2 decimal places.) 2020 Jan. 20 Feb. 19 Accepted a $270,000, 90-day, 12% note dated this day in granting a time extension on the past due account of Steve Stewart Discounted the Steve Stewart note at the bank at 14.0% View transaction list Journal entry worksheet 2 Record the discounted note receivable, Note: Enter debits before credits Credit Debit General Journal Date Feb 19 Cash Interest income Notes receivable 270.000.00