Following are transactions of The Barnett Company: 5023 Dec. 16 Accepted a $22,500,60-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. 2024 Feb. 14 Received Karuthers' payment for the principal and interest on the note dated December 16. Mar. 2 Accepted an $8,400,4%,90-day note dated this day in granting a time extension on the past-due account of ATW Company. Mar. 17 Accepted a $3,600,30-day, 4.5% note dated this day in granting Leroy Johnson a time extension on his past-due account. May 31 Received ATW's payment for the principal and interest on the note dated March 2. Prepare journal entries to record The Barnett Company's transactions. (Assume 365 days in a year. Round your answers to 2 decimal places.)