Garden Works Co. had a number of transactions related to accounts receivable during 2017. Each is shown below.

a. On November 15, 2017, Garden Works Co. agreed to accept $500 in cash and a $2,000.90 days 8% bond from Agro Company to settle its past due account of $2,500. Determine the due date and record the entry on November 15, December 31, and the due date

b. Garden Works Co. had a 45-day bond of $1,800, 6% from Altamira Industries. At maturity, December 15, Altamira dishonored the promissory note.

Register the dishonor of the Document Receivable.

Required

Prepare journal entries to record these separate transactions in Garden Works Co.'s books. The Company's year-end is December 31.