The following selected transactions are from Joshua Bouchard Company:

2021

Dec. 16 Accepted a $40,000, 60-day, 9% note dated this day, granting Mac

a time extension on his account receivable.

31 Made an adjusting entry to record the accrued interest on Macs Note.

2021

Jan. 31 Accepted a $25,000, 60-day, 12% note dated Jan 31 granting Jose Hernandez a

. time extension on his past-due account receivable.

Feb. 14 Received payment of principal plus interest from Mac for the note of December 16.

April 1 Hernandez dishonored his note when presented for payment.

June 10 Accepted a $10,000, 30-day, 6% note dated this day in granting Annacarolina a time extension on her past due account.

July 15 Annacarolina refuses to pay the note that was due July 10. Prepare the journal entry to charge the dishonored note plus accrued interest to Annacarolinas account receivable.

Aug. 20 Received payment from Annacarolina for the original $10,000 value of her note plus 6% interest for the 35 days.

Nov. 21 Accepted $65,000, 120-day, 9% note this day from Tea Nurellari,

granting a time extension on her account.

Dec. 31 Wrote off Hernandezs account against Allowance for

. Doubtful Accounts.

Dec. 31 Made adjusting entry to record accrued interest on Tea Nurellaris note.

Required

1. Prepare journal entries to record these transactions and events.