points 1 01 Print The following selected transactions are from Taylor Company Year f December 16 Accepted a $12,000, se-day, 10% note in granting Rick Mitchell a time extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Mitchell note. Year 2 February 14 Received Mitchell's payment of principal and interest on the note dated December 16. March 2 Accepted a $9,000, 10, 90-day note in granting a time extension on the past-due account receivable from Parker Company March 17 Accepted a $10,200, 30-day, 8% note in granting Robert King a time extension on her past-due account receivable. April 16 King dishonored her note. 11 Parker Company dishonored its note. August 7 Accepted $18,000, 90-day, a note in granting time extension on the past-due account receivable of Nguyen Company September 3 Accepted a $17,400, 60-day, 10% note in granting Juan Perez a time extension on his past-due account receivable. November 2 Received payment of principal plux interest from Perez for the September 3 note. November 5 Received payment of principal plus interest from Nguyen for the August 7 note. December 1 Wrote off the King account against the Allowance for Doubtful Accounts. References Requirement General Journal General Ledger Trial Balance Schedule of Calculation of Receivables Interest Prepare the journal entries related to notes receivable and accounts receivable. Hint: Use the "Calculation of Interest" tab to ensure the accuracy of your entries. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 > February 14 Received Mitchell's payment of principal and interest on the $12,000, 60-day, 10% note dated December 16. The Taylor Company does not prepare reversing entries. Verify the amount of interest using the CALCULATION OF INTEREST" tab, Note: a dents for cred Date February 14 General Journal Record entry Clear entry Debit Credit View general journal Requirement General Journal General Ledger Trial Balance Schedule of Calculation of Receivables Interest Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that total interest revenue agrees with the trial balance. Taylor Company Calculation of interest revenue February 14-Mitchell note: Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Dates: January 01 to: January 31 Total interest revenue-Year 2 Schedule of Receivables Calculation of Interest > 1 Journal entry worksheet Proveel Date: January 01 January 31 Taylox Company Number of days in be Previ Number of days in Year 2 (Schedule of Receivables