The following selected transactions are from Wright Company 2016 Dec. 16 Accepted a $18,000, 60-day, 8% note dated this day in granting Melanie Duerr a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Duerr note. 2017 Feb. 14 Received Duerr's payment of principal and interest on the note dated December 16 Mar. 2 Accepted a $9,000, 88, 90-day note dated this day in granting a time extension on th past-due account receivable from Taylor Co. 17 Accepted a $13,200, 30-day, 7% note dated this day in granting Paul Brown a time extension on her past-due account receivable. Apr. 16 Brown dishonored her note when presented for payment. May 31 Taylor Co. refused to pay the note that was due to Wright Co. on May 31. Prepare the journal entry to charge the dishonored note plus accrued interest to Taylor Co.'s July 16 Received payment from Taylor Co. for the maturity value of its dishonored note plus Aug. 7 Accepted a $14,000, 90-day, 6% note dated this day in granting a time extension on the Sep. 3 Accepted a $7,800, 60-day, 10% note dated this day in granting Debbie Hall a time accounts receivable. interest for 46 days beyond maturity at 8%. past-due account receivable of Lauer Co. extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Hall for the September 3 note. Nov. 5 Received payment of principal plus interest from Lauer for the August 7 note. Dec. 1 Wrote off the Brown account against the Allowance for Doubtful Accounts. Prev 1 of Next