In general journal form, prepare journal entries for the following transactions.

Dec. 13 Accepted a $9,500 45-day, 8% note date December 13th in granting Miranda Lee a time extension on her past-due account receivable.

Dec. 31 Prepare an adjusting entry to record the accrued interest on the Lee note.

Jan. 27 Received Lee's payment for principal and interest on the note dated December 13.

Mar. 3 Accepted a $5,000, 90-day, 10% note date March 3rd in granting Thomas Company a time extension on his past-due account receivable.

Mar. 17 Accepted a $2,000, 30-day, 9% note date March 17th in granting Hiroshi Cheng a time extension on his past-due account receivable.

April 16 Cheng dishonors his note when presented for payment.

May 1 Wrote off the Cheng account against the Allowance for Doubtful Accounts.

June 1 Received the Tomas payment for principal and interest on the note dated March 3rd.