The following selected transactions are from Brown Company.

Year $1$

December $16$ Accepted a $$12,000,60-$day, $10\%$ note in granting Jose Garcia a time extension on his past$-$due account receivable.

December $31$ Made an adjusting entry to record the accrued interest on the Garcia note.

Year $2$

February $14$ Received Garcia$$s payment of principal and interest on the note dated December $16.$

March $2$ Accepted a $$7,000,10\%,90-$day note in granting a time extension on the past$-$due account receivable from Martin Company

March $17$ Accepted a $$3,000,30-$day, $10\%$ note in granting Debbie Hall a time extension on her past$-$due account receivable.

April $16$ Hall dishonored her note.

$31$ Martin Company dishonored its note.

August $7$ Accepted a $$8,000,90-$day, $8\%$ note in granting a time extension on the past$-$due account receivable of Sanchez Company

September $3$ Accepted a $$3,000,60-$day, $10\%$ note in granting Robert King a time extension on his past$-$due account receivable.

November $2$ Received payment of principal plus interest from King for the September $3$ note.

November $5$ Received payment of principal plus interest from Sanchez for the August $7$ note.

December $1$ Wrote off the Hall account against the Allowance for Doubtful Accounts.