Prepare journal entries for the following selected transactions of Hirona Company.
2008
Dec 13 Accepted a $14,000, 60-day, 9% note dated December 13 in granting Allie Sumera a time extension on her past-due account receivable.
Dec 31 Prepare an adjusting entry to record the accrued interest on the Sumera note.
2009
Feb 11 Received Sumera
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