On March 1, LGE asks to extend its past-due $6,400 account payable to Tyson. Tyson agrees to accept $1,500 cash and a 180-day, 8%, $4,900 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. No Date Debit Credit 1 Answer is complete but not entirely correct. General Journal Accounts payable --Tyson Cash Notes payable --Tyson Mar 01 6,400 1,500 4,900 OOO OO 2 Sept 27 Notes payable Tyson Interest expense Cash 4,900 211 % 196