Stricker Company Accepted a $10,000,8%,90-Day Note Dated May 16,from Johnson

Stricker Company accepted a $10,000,8%,90-day note dated May 16,from Johnson Corp.as an extension on its past-due account.Prepare the necessary general journal entries in Stricker Company's books on May 16 and August 14 (maturity date),for each of the following independent assumptions:
(a)Note was held until maturity and collected on time.
(b)Note was dishonoured.Amount of note and interest were written off as uncollectible.(Stricker uses the allowance method of accounting for bad debts.)

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