Accepted a $18,000,8%,90-day note in granting a time extension on the past-due account receivable of Tomas Company. Note: Enter debits before credits. Accepted a $12,000,30-day, 8% note in granting H. Cheng a time extension on his past-due account receivable. Note: Enter debits before credits. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. Note: Do not round intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. Note: Do not round intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts. Received the Tomas payment for principal and interest on the note dated March 3. Note: Enter debits before credits. H. Cheng dishonored his note. Note: Enter debits before credits. Required information Use the following information for the Exercises 1819 below. (Algo) [The following information applies to the questions displayed below] Following are transactions of Danica Company. Decenber 23 Accopted a $24,000,45-day, 48 note in granting Miranda Lee a time extension on her past-due account receivable. Decenber 31 prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 7-19 (Algo) Notes receivable transactions LO P4 January 27 lleceived Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $18,000,8x,90-day note in granting o time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $12,960, 3e-day, 8x note in granting H. Cheng a tine extension on his past-due account receivable. April 16H. Chens dishonored his note. May 1 irote off the H. Cheng account againat the Allowance for Doubtful Accounts. Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Note: Enter debits before credits. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. Note: Do not round intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. Journal entry worksheet 56 Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits
