January 3 March 18 June 11 May 17 120 200 38 JOURNAL ENTRIES (NOTE RECEIVED, RENEWED, AND COLLECTED) Prepar general journal entries for the following transactions: Jan. 16 Received a 30-day, 6% note in payment for merchandise sale of $20,000. Feb. 15 Received $100 (interest) on the old January 16) note; the old note is renewed for 30 days at 7%. note. Mar. 17 Received principal and interest on the new (February 15) 19 Received a 60-day, 6% note in payment for accounts receivable balance of $8,000. May 18 Received $80 (interest) plus $1,000 principal on the old (March 19) note the old note is renewed for 60 days (from May 18) at 6%. July 17 Received principal and interest on the new (May 18) note. JOURNAL ENTRIES (NOTE RECEIVED, DISCOUNTED, DISHONORED, AN COLLECTED) Prepare general journal entries for the following transactions: nt for accounts receivable balance c