On March 1, LGE asks to extend its past-due $7,200 account payable to Tyson. Tyson agrees to occept $1,700 cash and a 180 -day, 8\%, $5,500 note payable to replace the account payable. Note: Use 360 days a year. (1) Prepare the March 1 entry for LGE. (2) Prepare the August 28 entry for LGE when it pays the note and interest to Tyson. Journal entry worksheet Record LGE's entry to extend its past-due $7,200 account payable by paying cash of $1,700 and issuing a 180 -day, 8%,$5,500 note payable. Note: Enter debits before credits