The following selected transactions are from Stone Company. Year 1 Dec. 16 Accepted a $25,200, 60-day, 8% note in granting Isaac Carter a tine extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Carter note. Year 2 Feb. 14 Received Carter's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $8,000, 8%, 98-day note in granting a time extension on the past-due account receivable from Turner Co. Accepted 59,600, 30-day, 7 note in granting Melanie Duerr a tine extension on her past-due account receivable. Apr. 16 Duerr dishonored her note. May Turner Co. dishonored Its note. Aug. Accepted $16,080, 90-day, 10% note in granting a time extension on the past-due account receivable of Taylor Co. Sep Accepted a $16,200, 60-day, 10% note in granting Jose Garcia a time extension on his past-due account receivable. Nov. Received payment of principal plus interest from Garcia for the September 3 note. Nov. 5 Received payment of principal plus interest from Taylor for the August 7 note. Dec. 1 Wrote off the Duerr account against the Allowance for Doubtful Accounts. 17 31 7 3 2 Trial Balance General General Schedule of Calculation of Requirement Journal Ledger Receivables Interest General Journal tab - Prepare the Year 2 journal entries related to the notes and accounts receivable of Stone Co. Calculation of interest tab - Use the interest formula (P x R x T) to verify the amount of interest recorded in your entries. Verify that total interest revenue agrees with the trial balance. Rogutaon General Journal >