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Following are transactions of Leduc Company: 2020 Dec. 11 31 31 2018 Jan. 10 Feb.10 Mar. S 29 May 7 June 9 Aug. 8

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Following are transactions of Leduc Company: 2020 Dec. 11 31 31 2018 Jan. 10 Feb.10 Mar. S 29 May 7 June 9 Aug. 8 11 Accepted a $11,000, 6%, 60-day note dated this day in granting Fred Calhoun a time extension on his past-due account. Made an adjusting entry to record the accrued interest on the Fred Calhoun note. Closed the Interest income account. Discounted the Fred Calhoun note at the bank at 7%. The Fred Calhoun note was dishonoured. Paid the bank the maturity value of the note plus a $30 fee. Accepted a $7,000, 5.5%, 60-day note dated this day in granting a time extension on the past-due account of Donna Reed. 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.. Accepted a $5,250, 60-day, 5% note dated this day in granting a time extension on the past-due account of Jack Miller. Received payment of the maturity value of the Jack Miller note. Accepted an $4,000, 60-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 Nov.19 The Roger Addison note was dishonoured. Paid the bank the maturity value of the note plus a $30 fee. Received payment from Roger Addison of the maturity value of his dishonoured note, the fee, and interest on both for 40 days beyond maturity at 5%. Dec.23 Wrote off the Fred Calhoun account against Allowance for Doubtful Accounts. Required: Prepare General Journal entries to record the above transactions. (If no entry is required for a transaction entry required" in the first account field. Use 365 days in a year. Do not round intermediate calculation decimal places.) View transaction list < Prev www 13 of 13 www Score answe

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