GL0901 - Based on Problem 9-5A LO C2, C3, P4 The following selected transactions are from Lee Company Year 1 Dec. 16 Accepted a $13,200, 60-day, 128 note in granting Juan Perez a time extension on his past due account receivable. 31 Made an adjusting entry to record the accrued interest on the Perez note. Year 2 Feb. 14 Received Perez's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $8,60, 6190-day note in granting a time extension on the past due account receivable from Stone C 17 Accepted a $3,600, 30-day, 9 note in granting Rita Griffin a time extension on her past-due account receivable. Apr. 16 Griffin dishonored her note. May 31 Stone Co. dishonored its note. Aus 7 Accepted a $10,000, 90-day, 6 note in granting a time extension on the past cue account receivable of wright Co. Sep. Accepted a 54,200, 6e-day, 6 note in granting kathy Perry a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Perry for the September note. Nov. S Received payment of principal plus interest from Wright for the August 7 note. Dec. 1 wrote off the Griffin account against the Allowance for Doubtful Accounts. Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that total interest revenue agrees with the trial balance. Dates: Jan 01 to! Dec 31 Lee Co. Calculation of interest revenue February 14. Perez note: Principal Dates: Jan 01 - to: Dec 31 February 14 - Perez 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 Schedule of Receivables