The following series of transactions occurred during 2020 and 2021 for Lannister Corporation following the sale of merchandise to Golden Company Limited for $75,000 on credit. Lannister Corporation 's fiscal year end is December 31. Assume 28 days in the month of February.

01-Oct-20	Golden Company Limited indicate they won't be able to pay the full balance of the account until early next year. They agree to pay $10,000 cash and convert the balance of the amount owed to a 5-month, 8% note receivable.
31-Dec-20	Prepare the year-end interest adjustment for the note receivable.
28-Feb-21	Golden Company Limited honours their note at maturity.

Required:

1. Prepare the journal entries for the transactions for the transactions listed above. Round to 2 decimal places. Narratives are not required. Space has been provided to show interest calculations.