Prepare a journal entry for Perez Co Jul 16 Received payment from Carter Co for the maturity value of its dishonored note plus interest for 46 days beyond maturity at 8 (Round interest to the nearest whole dollar ) Aug 7 Accepted a(n) $10,000, 90 day, 8 note dated this day in granting a time extension on the past due account receivable of Duerr Co Sept 3 Accepted a $12,600, 60 day, 10 note dated this day in granting Spencer Lauer a time extension on his past due account receivable Nov 2 Received payment of principal plus interest from Lauer for the September 3 note Nov 5 Received payment of principal plus interest from Duerr for the August 7 note Dec 1 Wrote off the Turner account against Allowance for Doubtful Accounts No additional interest was accrued 2017 Feb 14 Received Allen's payment of principal and interest on the note dated December 16 Mar 2 Accepted a $10,000, 8 , 90 day note dated this day in granting a time extension on the past due account receivable from Carter Co 17 Accepted a $7,800, 30 day, 8 note dated this day in granting Tony Turner a time extension on her past due account receivable Apr 16 Turner dishonored her note when presented for payment May 31 Carter Co refused to pay the note that was due to Perez Co on May 31 Prepare the journal entry to charge the dishonored note plus accrued interest to Carter Co 's accounts receivable 46 days beyond maturity at 8 account receivable of Duerr Co on his past due account receivable July 16 Received payment from Carter Co for the maturity value of its dishonored note plus interest for Aug 7 Accepted a $10,000, 90 day, 8 note dated this day in granting a time extension on the past due Sep 3 Accepted a $12,600, 60 day, 10 note dated this day in granting Spencer Lauer a time extension Nov 2 Received payment of principal plus interest from Lauer for the September 3 note Nov 5 Received payment of principal plus interest from Duerr for the August 7 note Dec 1 Wrote off the Turner account against the Allowance for Doubtful Accounts

Question

Prepare a journal entry for Perez Co   Jul  16 Received payment from Carter Co  for the maturity value of its dishonored note plus interest for 46 days beyond maturity at 8   (Round interest to the nearest whole dollar ) Aug  7 Accepted a(n) $10,000, 90 day, 8  note dated this day in granting a time extension on the past due account receivable of Duerr Co  Sept  3 Accepted a $12,600, 60 day, 10  note dated this day in granting Spencer Lauer a time extension on his past due account receivable  Nov  2 Received payment of principal plus interest from Lauer for the September 3 note  Nov  5 Received payment of principal plus interest from Duerr for the August 7 note  Dec  1 Wrote off the Turner account against Allowance for Doubtful Accounts  No additional interest was accrued  2017 Feb  14 Received Allen's payment of principal and interest on the note dated December 16 Mar  2 Accepted a $10,000, 8 , 90 day note dated this day in granting a time extension on the past due account receivable from Carter Co 17 Accepted a $7,800, 30 day, 8  note dated this day in granting Tony Turner a time extension on her past due account receivable  Apr  16 Turner dishonored her note when presented for payment  May 31 Carter Co  refused to pay the note that was due to Perez Co  on May 31  Prepare the journal entry to charge the dishonored note plus accrued interest to Carter Co  's accounts receivable 46 days beyond maturity at 8  account receivable of Duerr Co on his past due account receivable July 16 Received payment from Carter Co  for the maturity value of its dishonored note plus interest for Aug  7 Accepted a $10,000, 90 day, 8  note dated this day in granting a time extension on the past due Sep  3 Accepted a $12,600, 60 day, 10  note dated this day in granting Spencer Lauer a time extension Nov  2 Received payment of principal plus interest from Lauer for the September 3 note Nov  5 Received payment of principal plus interest from Duerr for the August 7 note Dec  1 Wrote off the Turner account against the Allowance for Doubtful Accounts

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Prepare a journal entry for Perez Co.. Jul. 16 Received payment from Carter Co. for the maturity value of its dishonored note plus interest for

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