Following are transactions of The Barnett Company: 2017 Dec. 16 Accepted a $22,000, 60-day, 5% note dated this day in granting Carmel Karuthers a time extension on her past-due account. Dec. 31 Made an adjusting entry to record the accrued interest on the Karuthers note. Dec. 31 Closed the Interest income account. 2018 Feb. 14 Received Karuthers payment for the principal and interest on the note dated December 16. Mar. 2 Accepted an $8,000, 4%, 90-day note dated this day in granting a time extension on the past-due account of ATW Company. Prepare journal entries to record The Barnett Companys transactions. (Assume 365 days in a year. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.) Total Points: 6 Date Account Debit Credit Dec 16 Dec 31 Dec 31 Date Account Debit Credit Feb 14 Mar 2