Year 1 Dec. 16 Accepted a $16,8e0, 60-day, 12% note in granting Leslie Stone a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Stone note. Year 2 Feb. 14 Received Stone's payment of principal and interest on the note dated December 16 Mar. 17 Accepted a $5,400, 30-day, 8% note in granting Kay Wright a time extension on her past-due account receivable. Apr. 16 Wright dishonored her note. 31 Griffin Co. dishonored its note. 2 Accepted a $11,000, 6x, 90-day note in granting a time extension on the past-due account receivable from Griffin Co. May Aug. 7 Accepted a $16,e00, 90-day, 8% note in granting a time extension on the past-due account receivable of Lee Co. Sep. Nov. Book 3 Accepted a $7,800, 60-day, 18% note in granting Paul Brown a tine extension on his past-due account receivable. 2 Received payment of principal plus interest from Brown for the September 3 note 5 Received payment of principal plus interest from Lee for the August 7 note. Wrote off the iright account against the Allowance for Doubtful Accounts Nov. Dec. Print General Ledger General Journal Requirement Schedule of Receivables Calculation of References Trial Balance Interest Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that total interest revenue agrees with the trial balance. Dates: Jan 01 to: Dec 31 Lauer Co. Calculation of interest revenue February 14 Stone note: Principal Interest rate Number of days interest to be recorded in Year 2 Number of days interest to be recorded in Year 2 Principal Interest rate Number of days interest to be recorded in Year 2