ngs and Loans is a local financial institution that services the town of Princess All ngs and Loans uses the allowance method for its accounts receivables. Plaza Savings and Loans determines that it cannot collect its accounts receiva of $5,800 from Steve Jackson. Accepted a $7,500, 90 days, 10% note granting Nora James a time extension past-due account receivable. Prepared an adjusting entry to record the accrued interest on Nora James' no Received payment of principal and interest from Nora for her March 31st not