GL0701 (Algo) - Based on Problem 7-5A LO C2, C3, P4 The following selected transactions are from Stone Company Year 1 December 16 Accepted a $25,200, 60-day, ** note in grantine Isaac Carter a time extension on his past due account receivable. December 11 Made an adjusting entry to record the accrued interest on the Carter note. Year 2 February 14 Received Carter's payment of principal and interest on the note dated December 16. March 2 Accepted $8,800, 6, e-day note in granting a time extension on the past due account receivable from Turner Company March 17 Accepted a 59,600, 30-day, 75 note in ranting Melanie Duerr a time extension on her past due account receivable. April 16 Duerr dishonored her note 21 Turner Company dishonored its note. August 7 Accepted $16,000, 90-day, 10% note in granting a tine extension on the past-duo account receivable of Tayler Company September Accepted a 516,200, 6day, 10% note in granting Jose Garcia in extension on his past-due account receivable November 2 Received payment of principal plus interest fron Garcia for the September ) note November 5 received payment of principal plus interest from Taylor for the August ? note December 1 wrote off the Duerr account against the Allowance for Doubtful Accounts February 14 - Carter note: Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days interest to be recorded in Year 2 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Total interest revenue - Year 2 S