On March 1, LGE asks to extend its past-due $6,000 account payable to Tyson. Tyson agrees...

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On March 1, LGE asks to extend its past-due $6,000 account payable to Tyson. Tyson agrees to accept $1,400 cash and a 180-day, 8%, $4,600 note payable to replace the account payable. (Use 360 days a year.) (1) Prepare the March 1 entry for LGE (2) Prepare the September 27 entry for LGE when it pays the note and interest to Tyson. View transaction list Journal entry worksheet < 2 Record LGE's entry to extend its past-due $6,000 account payable by paying cash of $1,400 and issuing a 180-day, 8%, $4,600 note payable. Note: Enter debits before credits Datel March 01 General Journal Debit Credit Record entry Clear entry View general journal On March 1, LGE asks to extend its past-due $6,000 account payable to Tyson. Tyson agrees to accept $1,400 cash and a 180-day, 8%, $4,600 note payable to replace the account payable. (Use 360 days a year.) (1) Prepare the March 1 entry for LGE (2) Prepare the September 27 entry for LGE when it pays the note and interest to Tyson. View transaction list Journal entry worksheet < 2 Record LGE's entry to extend its past-due $6,000 account payable by paying cash of $1,400 and issuing a 180-day, 8%, $4,600 note payable. Note: Enter debits before credits Datel March 01 General Journal Debit Credit Record entry Clear entry View general journal