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Exam Ch 7,8,9 Following are selected transactions of Danica Company for 2016. Dec. 13 Accepted a $14,00, 45-day, 8% note dated December 13 in granting
Exam Ch 7,8,9 Following are selected transactions of Danica Company for 2016. Dec. 13 Accepted a $14,00, 45-day, 8% note dated December 13 in granting Miranda Lee a tine extension on her past due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 15 ponts Complete the table to calculate the interest amounts at December 31t and use the calculated value to prepare your journal entries. (Do not round your intermediate calculetions. Use 360 days a year) 025522 Complete this question by entering your answers in the tabs below. General ounal Complete the table to calculate the interest amounts at December 31t Total Through Recognized Meturity December 31 Principal Rate (%) Time Total interest General Journal
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