Following are transactions of The Purple Onion Company: 2016 Dec 16 Accepted a $25,000, 60-day, 5.5% 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. 2017 Feb. 14 Received Krueger's payment for the principal and interest on the note dated December 16. Mar. 2 Accepted a $20,000, 3.75%, 90-day note dated this day in granting a time extension on the past-due account of ARC Company. 17 Accepted a $11,500, 30-day, 4% note dated this day in granting Penny Bobek a time extension on her past-due account. Apr. 16 Bobek dishonoured her note when presented for payment. Required: a. Prepare journal entries to record The Purple Onion's transactions. If no entry is required for a transaction/event, select "No Journal entry required Round your answers to 2 decimal places.) in the first account field Use 365 days in a year. View transaction list Journal entry worksheet 123 4 5 67 Record acceptance of a 5.5%, 60-day note. Note: Enter debits before credits Date General Journal Debit Credit Dec 16, 2016 Record entry Clear entry View general journal b-1. Detemine the maturity date of the note dated March 2 Maturity date b-2. Prepare the entry on the maturity date, assuming ARC Company honours the note. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field. Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the collection of note plus interest. Note: Enter debits before credits. Debit Credit General Journal Record entry Clear entry View general journal