December $13$ Accepted a $$18,00,45-$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.

January $27$ Received Lee's payment for principal and interest on the note dated December $13.$

March $3$ Accepted a $$12,00,8\%,90-$day note in granting a time extension on the past$-$due account receivable of Tomas Company.

March $17$ Accepted a $$15,000,30-$day, $8\%$ note in granting $H.$ Cheng a time extension on his past$-$due account receivable.

April $16H.$ 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.

Note: Do not round Intermedlate calculatlons. Use $360$ days a year.

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M Lee Note

Tomas

Company Note

H Cheng Note

General

Journal

Use those calculated values to prepare your journal entries.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$January $27,$Notes receivable$-$M$.$ Lee,$18,000\backslash$times $,],[,$Interest revenue,,$18,000\backslash$times $],[2,$March $03,$Interest receivable,$54\backslash$times $,],[,$Interest revenue,,$54\backslash$times $],[3,$March $17,$Cash,$18,135\backslash$times $,],[,$Notes receivable$-$H$.$ Cheng,,$18,000\backslash$times $],[,$Interest receivable,,$54\backslash$times $],[,$Interest revenue,,$81\backslash$times $],[4,$April $16,$Accounts receivable$-$ H$.$ Cheng,$15,000\backslash$times $,],[,$Notes receivable$-$H$.$ Cheng,,$15,000],[5,$May $01,$Allowance for doubtful accounts,$15,000\backslash$times $,],[,$Accounts receivable$-$ H$.$ Cheng,,$15,000\backslash$times $],[6,$June $01,$Cash,$12,240$vv$,],[,$Notes receivable$-$Tomas Company,,$12,000$vv$],[,$Interest receivable,,$240]]$