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Following are transactions of Leduc Company 2028 Dec.11 Accepted a $10,000, 6%, 60-day note dated this day in granting Fred Calhoun a time extension on

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Following are transactions of Leduc Company 2028 Dec.11 Accepted a $10,000, 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.ie The Fred Calhoun note was dishonoured. Paid the bank the maturity value of the note plus a $30 fee. Mar. 5 Accepted a $6,880, 5.5%, 60-day note dated this day in granting a tine extension on the past-due account of Donna Reed. 29 Discounted the Donna Reed note at the bank at 7.5%. May 7 The Donna Reed note had been rece ed by the and paid by Donna Reed. June 9 Accepted a $4,250, 68-day, 5% note dated this day in granting a tine extension on the past due account of Jack Miller, Received payment of the maturity value of the Jack Miller note. 11 Accepted an 53, eee, 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 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 48 days beyond maturity at 5 Dec. 23 Hrote off the Fred Calhoun account against Allowance for Doubtful Accounts. Aug. 8 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 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/event, select "No journal entry required" in the first account field. Use 365 days in a year. Do not found intermediate calculations, Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 15 Record acceptance of a 6%, 60-day note, Note Enter debits before credits Journal entry worksheet

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