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D Required Information The following information applies to the questions displayed below) Following are transactions of Danica Company December 13 Accepted a $9,500, 45-day, 81

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D Required Information The following information applies to the questions displayed below) Following are transactions of Danica Company December 13 Accepted a $9,500, 45-day, 81 note in granting Mirandalon a time extension on her pant-due account receivable. December 31 Prepared an adjusting entry to record the acerved interest on the Lee note. January 27 Received tee's payment for principal and interest on the note dated December 13. March 3 Accepted a $5.000, 105, 90-day note in granting a time extension on the post-due account receivable of Tomas Company March 17 Accepted a $2,000, 30-day, note in granting H.Cheng a tine extension on his past due account receivable. April 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas 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.) Complete this question by entering your answers in the tabs below. General Journal Tomas Company Note H Cheng Note M Lee Note un calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest Journal entry worksheet 2 3 4 5 5 09 6 > 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. General Journal Date January 27 Debit Credit ( LLLLL 3 5 6 Accepted a $5,000, 10%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. Note: Enter debits before credits. General Journal Debit Credit Date March 03 Journal entry worksheet Accepted a $2,000, 30-day, 9% note in granting H. Cheng a time extension on his past-due account receivable. Note: Enter debits before credits. General Journal Date March 17 Debit Credit H. Cheng dishonored his note. Note: Enter debits before credits. Date General Journal Debit Credit April 16 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Note: Enter debits before credits. General Journal Debit Credit Date May 01 2 3 4 5 I o Received the Tomas payment for principal and interest on the note dated March 3. Note: Enter debits before credits. General Journal Debit Credit Date June 01

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