Following are transactions of The Purple Onion Company:

2016 Dec 16 Accepted a $21,000, 60-day, 5.5% note dated this day in granting Hal Krueger a time extension on his past-due account. 31 Made an adjusting entry to record the accrued interest on the Krueger note. 31 Closed the Interest income account. 2017 Feb. 14 Received Kruegers payment for the principal and interest on the note dated December 16. Mar. 2 Accepted a $16,000, 3.75%, 90-day note dated this day in granting a time extension on the past-due account of ARC Company. 17 Accepted a $7,500, 30-day, 4% note dated this day in granting Penny Bobek a time extension on her past-due account. Apr. 16 Bobek dishonoured her note when presented for payment. Required: a. Prepare journal entries to record The Purple Onions transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)

b-1. Determine the maturity date of the note dated March 2.

b-2. Prepare the entry on the maturity date, assuming ARC Company honours the note. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)

- Record the collection of note plus interest.

1 Record acceptance of a 5 2 Record the entry to accrued interest 3 Record closing of interest revenue account. 4 Record receipt of principal and interest. 5 Record acceptance of a 3.75%, 90-day note .5%, 60-day note Record acceptance of a 496, 30-day note 7 R ecord dishonour of