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Following are transactions of Leduc Company 14 02:10:07 2020 Dec. 11 Accepted a $5,000, 6%, 60-day note dated this day in granting Fred Calhoun a

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Following are transactions of Leduc Company 14 02:10:07 2020 Dec. 11 Accepted a $5,000, 6%, 60-day note dated this day in granting Fred Calhoun a time extension on his past-due account 31 Made an adjusting entry to record the accrued interest on the Fred Calhoun note. 31 Closed the Interest Income account. 2018 Jan. 10 Discounted the Fred Calhoun note at the bank at 7%. Feb. 10 The Fred Calhoun note was dishonoured. Paid the bank the naturity value of the note plus a $30 fee. Mar. 5 Accepted a $1,200, 5.5%, 60-day note dated this day in granting a time extension on the past-due account of Donna Reed. 29 Discounted the Donna Reed note at the bank at 7.5%. The Donna Reed note had been received by the bank and paid by Donna Reed. June Accepted a $1,750, 60-day, 5% note dated this day in granting a time extension on the past-due account of Jack Miller Aug. 8 Received payment of the maturity value of the Jack Miller note. 11 Accepted an $2,00e, 6e-day, 5% note dated this day in granting Roger Addison a time extension on his past-due account. 31 Discounted the Roger Addison note at the bank at 6.5% Oct. 12 The Roger Addison note was dishonoured. Paid the bank the maturity value of the note plus a $30 fee. Nov. 19 Received payment from Roger Addison of the maturity value of his dishonoured note, the fee, and interest on both for 4e days beyond maturity at 5%. Dec.23 Trote off the Fred Calhoun account against Allowance for Doubtful Accounts May 7 14 Journal entry worksheet 2 3 4 5 6 7 8 15 Record acceptance of a 6%, 60-day note. 02-00-44 Note: Enter debits before credits Date General Journal Debit Credit Dec 11, 2020 View general journal Record entry Clear entry

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