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11 2 of 2 Required information The following information applies to the questions displayed below) Following are transactions of Danica Company. Dec. 13 Accepted a

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11 2 of 2 Required information The following information applies to the questions displayed below) Following are transactions of Danica Company. Dec. 13 Accepted a 59,580, 45-day, 8% note 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. Book Hint Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 0%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $2,000, 30-day, 9 note in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tonas payment for principal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Print erences Complete this question by entering your answers in the tabs below. General M Lee Note Tomas Co Note H Cheng Note Journal Complete the table to calculate the interest amounts. Amount Total Through Interest Accrued at Maturity Recognized December 31 January 27 Principal Rate(%) Time Total interest Tomas Co Moto >

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