$4$

Part $1$ of $2$

$15$ points

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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 $$18,000,45-$day, $6\%$ note in granting Miranda Lee a time extension on her past$-$due account receivable.

December $31$ Prepared an adjusting entry to record the accrued interest on the Lee note.

Exercise $7-18($Algo$)$ Notes receivable transactions LO C$2$

Complete the table to calculate the interest amounts at December ${31}^{st}$ and use the calculated value to prepare your journal entries.

Note: Do not rounchyour intermediate calculations. Use $360$ days a year.

Complete this question by entering your answers in the tabs below.

Interest

General

Amounts

Journal

Complete the table to calculate the interest amounts at December ${31}^{st}.$

$\backslash$table$[[,\backslash$table$[[$Total Through$],[$Maturity$]],\backslash$table$[[$Interest$],[$Recognized$],[$December $31]]],[$Principal$,,],[$Rate $(\%),,],[$Time$,,],[$Total interest,,$]]$