On May 1, your company accepted a $24,000, three-month, 12% note from a customer in ex- change for services rendered. 1. As the accountant for the company, prepare an appropriate journal entry to record the acceptance of the note. 2. On August 1, the customer notified you that the note amount could not be repaid until October 1. You agreed on a new, two-month note with an interest rate of 18%. The face amount of this note includes the principal and accrued interest on the original note. Pre- pare the appropriate journal entry on August 1. 3. Prepare the appropriate entry to record the collection in full of the note plus interest on October 1