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7 (of 9) value: 10.00 points Following are selected transactions Danica Company for 2014 and 2015 2014 Dec. 13 Accepted a $9,500, 45-day 8% note

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7 (of 9) value: 10.00 points Following are selected transactions Danica Company for 2014 and 2015 2014 Dec. 13 Accepted a $9,500, 45-day 8% note dated December 13 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. 2015 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 10%, 90-day note dated March 3 in granting a tme extension on the past due account receivable of Tomas Company 17 Accepted a $2,000, 30-day, 9% note dated March 17 in granting H. Cheng a time Apr. May June his past-due account receivable 16 H. Cheng dishonors his note when presented for payment. 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts 1 Received the Tomas payment for principal and interest on the note dated March 3. First, complete the table below to calculate the interest amounts. (Do not round your intermediate calculations. Use 360 days a year.) Amount Total Through Maturity Accrued atRecognized January 27 December 31 Principal

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