Following are transactions of the Purple Onion Company:

$2022$

Dec$\mathrm{.}16$ Accepted a $$30,000,60-$day, $5\mathrm{.}5\%$ note dated this day in granting Hal Krueger a time extension on his past$-$due account.

$31$ Made an adjusting entry to record the accrued interest on the Krueger note.

$31$ Closed the Interest income account.

$2023$

Feb$\mathrm{.}14$ Received Krueger's payment for the principal and interest on the note dated December $16.$

Mar. $2$ Accepted a $$25,000,3\mathrm{.}75\%,90-$day note dated this day in granting a time extension on the past$-$due account of ARC Company.

$17$ Accepted a $$16,500,30-$day, $4\%$ note dated this day in granting Penny Bobek a time extension on her past$-$due account.

Apr$\mathrm{.}16$ Bobek dishonoured her note when presented for payment.

Required:

a$.$ Prepare journal entries to record the Purple Onion's transactions. $($Use $365$ days in a year. Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

Journal entry worksheet

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Record the acceptance of a $5\mathrm{.}5\%,$$$30,000$ note receivable in $60$ days.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Dec $16,2022,,,],[,,,],[,,,],[,,,],[,,,]]$

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