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All journal entries should be complete and in good form. For full credit, clearly present all calculations for any figures that need to be calculated IMPORTANT INSTRUCTIONS: 1. Navigate to your Group Homepage. Use your Groups Announcement tool to decide among your teammates who will post which journal entries 2. Once your roles are agreed, post your two assigned journal entries in your groups Discussion forum. Remember to show calculations for any amounts that you calculate. 3. For full credit, be sure to post substantive, constructive comments on at least two of your teammates posts. The deadline for posting comments is 24 hours after the completion deadline for this assignment. CHAPTER 9 TEAM PROBLEM Prepare journal entries for the following selected transactions of Kodiak Company for 2016 and 2017. 2016 Dec. 13 Accepted a $9,500, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 2017 Jan. 27 Received Lees payment for principal and interest on the note dated December 13. Accepted a $5,000, 10%, 90-day note dated March 3 in granting a time extension on the past-due account receivable Mar. 3 of Tomas Company. Accepted a $2,000, 30-day, 9% note dated March 17 in granting H. Cheng a time extension on his past-due account 17 receivable. Apr. 16 May 1 June 1 Cheng dishonored his note when presented for payment. Wrote off the Cheng account against the Allowance for Doubtful Accounts. Received the Tomas payment for principal and interest on the note dated March 3.

Just Need Journal entries for Jan 27th and Mar 3rd

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