Following are transactions of the Purple Onion Company: 2019 Dec. 16 Accepted a $20,000, 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. 2020 Feb. 14 Received Krueger's payment for the principal and interest on the note dated December 16. Mar. 2 Accepted a $15,000, 3.75%, 90-day note dated this day in granting a time extension on the past-due account of ARC Company. 17 Accepted a $6,500, 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. (Round your final answers to 2 decimal places.) Answer is complete but not entirely correct. No Date General Journal 1 Dec 16, 2019 Notes receivable Accounts receivable-Hal Krueger 2 Dec 31, 2019 Interest receivable Interest income 3 Dec 31, 2019 Interest income Income summary Debit Credit 20,000.00 20,000.00 45.83x 45.83 45.83x 45.83 x 4 Feb 14, 2020 Cash Interest income 21,100.00 137.50 Interest receivable 45.83x Notes receivable 20,000.00 5 Mar 02, 2020 Notes receivable 15,000.00 Accounts receivable-ARC Company 15,000.00 6 Mar 17, 2020 Notes receivable 6,500.00 Accounts receivable-Penny Bobek 6,500.00 7 Apr 16, 2020 Accounts receivable-Penny Bobek 6,521.67 x Notes receivable Interest receivable 21.67 6,500.00 b-1. Determine the maturity date of the note dated March 2. Maturity date Answer is complete and correct. May 31, 2020 b-2. Prepare the entry on the maturity date, assuming ARC Company honours the note. (Round your final answers to 2 decimal places.) 1 No Answer is complete but not entirely correct. Transaction a Cash Interest income Notes receivable General Journal Debit Credit 15,140.63x 140.63 15,000.00