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Check my work GL0701 - Based on Problem 7-5A LO C2, C3, P4 The following selected transactions are from Parker Company. Year 1 Dec. 16 Accepted a $24,000, 60-day, 128 note in granting Jin Ohin a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Ohlm note. Year 2 Feb. 14 Received Ohlm's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $9,000, 68, 90-day note in granting a time extension on the past-due account receivable from Clark Co. 17 Accepted a $16,200, 30-day, 104 note in granting Sarah Walker a time extension on her post-due account receivable. Apr. 16 Walker dishonored her note. May 31 Clark Co. dishonored its note. 7 Accepted a $10,000, 90-day, 128 note in granting a time extension on the past due account receivable of Lee co. Sep. 3 Accepted a $13,800, 60-day, 109 note in granting Isaac Carter a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Carter for the September 3 note. Nov. 5 Received payment of principal plus interest from Lee for the August 7 note. 1 Wrote of the Walker account against the Allowance for Doubtful Accounts. Aug. Dec. General General Schedule of Calculation of Requirement Trial Balance Journal Ledger Receivables Interest Prepare the journal entries related to notes receivable and accounts receivable. Hint: Use the "Calculation of Interest" tab to ensure the accuracy of your entries. View transaction list Juurai CHLY WUISHICEL

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