Show Me How Calculator Instructions General Journal Instructions bournal Entries (Note Received, Renewed, and Collected) 1. Prepare general joumal entries for the transactions When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Jan. 16 Received a 30-day, 6% note in payment for merchandise sale of $20,000. Feb. 15 Received $100 (interest) on the old (January 16) note; the old note is renewed for 30 days at 7%. Mar. 17 Received principal and interest on the new (February 15) note. 19 Received a 60-day, 6% note in payment for accounts receivable balance of $8,000. May 18 Received $80 (Interest) plus $1,000 principal on the old (March 19) note; the old note is renewed for 60 days (from May 18) at 6%. July 17 Received principal and interest on the new (May 18) note. Assume 360 days in a year. Check My Work Email instructor Save and be su MacBook Air ructions General Journal Page: 1 DOC. POST DEBIT CREDIT 1 DATE ACCOUNT TITLE 20-- Jan. 16 Notes Recevable Sales 14 Feb. 15 Mar. 17 III III III II III 101 III III II III 13 Mar. 19 16 May 18 Check My Work Email Instructor Save and Exit Sub MacBook Air FARARE