18

Required information Use the following Information for the Exercises 18-19 below. (Algo) [The following information applies to the questions displayed below.) Following are transactions of Danica Company December 13 Accepted a $28,000, 45-day, 8x note in granting Miranda Lee a time extension on her past-due December 31 Prepared an adjusting entry to record the accrued interest on the tee note account receivable. Exercise 9-18 (Algo) Notes receivable transactions LO C2 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries (Do not round your intermediate calculations. Use 360 days a year.) Exercise 9-18 (Algo) Notes recelvable transactions LO Complete the table to calculate the interest amounts at December 31 (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs be Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31st. Total Through Maturity Interest Recognized December 31 Principal Rate(%) Time Total interest & TARS Ge Required information Journal entry worksheet 1 2 Record acceptance of a $28,000, 45-day, 8% note in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits. General Journal Date December 13 Debit Credit Record entry Clear entry View general journal