The following selected transactions are from Brown Company Year 1 Dec. 16 Accepted a $12,000, 60-day, 10% note in granting Jose Garcia a time extension on his past due account receivable. 31 Made an adjusting entry to record the accrued interest on the Garcia note. Year 2 Feb. 14 Received Garcia's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $7,090, 10%, 90-day note in granting a time extension on the past-due account receivable from Martin Co. 17 Accepted = $3,800, 30-day, 10% note in granting Debbie Hall o time extension on her past-due account receivable, Apr. 16 Hall dishonored her note. 31 Martin Co. dishonored its note. Aug 7 Accepted a $8,800, 90-day, 8% note in granting a time extension on the past-due account receivable of Sanchez co. Sep. 3. Accepted a $3,000, 60-day, 10% note in granting Robert King a time extension on his past due account receivable. Nov. 2 Received payment of principal plus interest from King for the September 3 note. Nov. 5 Received payment of principal plus interest from Sanchez for the August 7 note. Dec. 1 Wrote off the Hall account against the Allowance for Doubtful Accounts May General General Requirement Schedule of Calculation of Trial Balance Journal Ledger 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 Tournal ontru Arlechoot Journal entry worksheet Feb. 14 Received Garcia's payment of principal and interest on the $12,000, 60-day, 10% note dated December 16. The Brown Company does not prepare reversing entries. Verify the amount of interest using the "CALCULATION OF INTEREST" tab. Note: Enter debits before credits. Date General Journal Debit Credit Feb 14 Cash + Interest receivable Notes receivable - J. Garcia 12,000 Record entry Clear entry View.generima