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Exercise 7-11 Notes receivable transactions C2 Prepare journal entries for the following selected transactions of Danica Company for 2016 2016 Dec 13 Accepted a $9.500,

Exercise 7-11 Notes receivable transactions C2 Prepare journal entries for the following selected transactions of Danica Company for 2016 2016 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. Preparcd an adjusting entry to record the accrued interest on the Lce note. 31 Check Dec. 31, Cr. Interest Revenue, $38

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