Following are transactions of the Purple Onion Company: 2019 Dec. 16 Accepted a $26,000, 60-day, 5.5% note dated this day in granting Hal Krueger a time extension on his past-due account. 31 31 2020 Made an adjusting entry to record the accrued interest on the Krueger note. Closed the Interest income account. Feb. 14 Received Krueger's payment for the principal and interest on the note dated December Mar. 2 16. Accepted a $21,000, 3.75%, 90-day note dated this day in granting a time extension on the past-due account of ARC Company. 17 Accepted a $12,500, 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. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)