Journalize entries for questions 1-5

1) April 30, accepted a $10,000, 12%, 30-day note dated this day in granting CBS company a time extension on their past-due account.

2) May 30, received payment of maturity value from CBS Company.

3) December 1, accepted a $20,000, 12%, 90 day note dated this day in granting Dave Company a time extension on their past due account.

4) December 31, 2009, record the adjusting entry for accrued interest on the Dave company note received on December 1^st.

5) March 1, 2010, received payment of maturity value from Dave Company.