must use headings from the list. thanks!

Question 4 [30 points) Prepare journal entries to record Southgate Inc.'s transactions Round all values to the nearest cent. a. October 1, 2013: Southgate Inc. Accepted a note from Travis Goodall for $7,300,4-month, 12% dated this day granting a time extension on the past-due account b. December 31, 2013: Made an adjusting entry to record the accrued interest on the Travis Goodall note: c. December 31, 2013: Closed the interest revenue account d. February 1, 2014 Received Travis Goodall's payment for the principal and interest on the note dated October 1. e. May 1, 2014. Accepted a $5,500, 4-month, 12% note dated this day in granting Sandra Castell a time extension on the past-due account 1. Determine the date that transaction (e) matures and record the entry to show the collection Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (t.e., January 15 would be 15/Jan), General Journal Account/Explanation Page GT F Debit Credit Date + + + - + - + - General Journal Account/Explanation Page GJI F Debit Credit Date Choose an Account or Heading tegories: Accounts and Headings: Accounts Payable -sets Accounts Receivable, Sandra Castell abilities Accounts Receivable, Travis Goodall quity Accounts Receivable, Travis McAllister Equity Accumulated Depreciation, Automobiles Revenues Accumulated Depreciation, Boats Expenses Accumulated Depreciation, Building Other Accumulated Depreciation, Equipment Accumulated Depreciation, Furniture Accumulated Depreciation, Land Improvement Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Allowance for Doubtful Accounts Auto Expense Automobiles Bad Debts Expense Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Automobiles Assets Bad Debts Expense Liabilities Bank Service Charge Expense Equity Boats Equity Bonds Payable Revenues Building Expenses Cash Other Cash Over and Short Commissions Earned Consulting Revenue Earned Copyright Cost Of Goods Sold Credit Card Expense Delivery Expense Depreciation Expense, Automobiles Depreciation Expense, Boats Depreciation Expense, Building Depreciation Expense, Equipment Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Depreciation Expense, Building Assets Depreciation Expense, Equipment Liabilities Depreciation Expense, Furniture Equity Depreciation Expense, Land Improvements Equity Depreciation Expense, Machinery Revenues Depreciation Expense, Trucks Expenses Depreciation expense Other Dividends Equipment Food and Drinks Expense Furniture Income Summary Income Taxes Expense Income Taxes Payable Insurance Expense Interest Earned Interest Expense Interest Payable Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Interest Payable Assets Interest Receivable Liabilities Investment in Bonds Equity Janitorial Expense Equity Land Revenues Land Improvements Expenses Long-Term Notes Payable Other Long-term Investment in Shares Machinery Merchandise Inventory Mortgage Payable Notes Receivable Office Salaries Expense Office Supplies Office Supplies Expense Patents Petty Cash Postade Exnense Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: Postage Expense Assets Prepaid Advertising Liabilities Prepaid Insurance Equity Prepaid Interest Equity Prepaid Rent Revenues Property Taxes Expense Expenses Property Taxes Payable Other Rent Earned Rent Expense Rent Payable Rent Receivable Rent expense, office space Rent expense, selling space Repair Expense Retained Earnings Salaries Expense Salaries Payable Sales Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Retained Earnings Assets Salaries Expense Liabilities Salaries Payable Equity Sales Equity Sales Discounts Revenues Sales Returns and Allowances Expenses Sales Salaries Expense Other Share Capital Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue - Utilities Expense Search: Erase Cancel