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The following selected transactions are from Stone Company. Year 1 December 16 Accepted a $25,200,60-day, 88 note in granting Isaac Carter a tine extension on his past-due account receivable. Decenber 31 Made an adjusting entry to record the accrued interest on the Carter note. Year 2 February 14 Peceived Carter's payment of principal and interest on the note dated Decenber 16. March 2 Accepted a $8,900, 8\%, 90-day note in granting a tise extension on the past-due account receivable fron lurner Company March 17 Accepted a 19,600, 30-day, 7 n note in granting Melanie Duern a time extension on her past-due account receivable. April 16 Duern dishonored her note. 31. Turner Coepany dishonored its note. August 7 Accepted a $16,009,90-day, 10x note in granting a timo extension on the past-due account receivable of raylor conpany Septemben 3 Accepted a \$16,200, 60-day, 10x note in granting Jose Garcio a tiee extension on his past-due account receivable. Noveoben 2 Received payment of principal plus interest from Garcia for the September 3 note. Novenber 5 Received payment of principal plus interest from taylor for the Migust 7 note. December i Wrote off the Duere account against the Allowance for boubtful Accounts. 2301: Chpt. / Gen. Led