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n March 1, LGE asks to extend its past-due $8,800 account payable to Tyson. Tyson agrees to accept $2,100cash and a 180 -day, 8% 5,700

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n March 1, LGE asks to extend its past-due $8,800 account payable to Tyson. Tyson agrees to accept $2,100cash and a 180 -day, 8% 5,700 note payable to replace the account payable. (Use 360 days a year.) Prepare the March 1 entry for LGE. Prepare the August 28 entry for LGE when it pays the note and interest to Tyson. Journal entry worksheet Recond LGE's entry to extend its past-due $8,800 account payable by paying cash of $2,100 and issuing a 180 -day, 8%,$6,700 note payable. Notos Enter dobith botpire creeits

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