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Exercise 8-21 Notes receivable transactions LO6 January 27 Received Lee's paynent for principal and interest on the note dated Decenber 13. March 3 Accepted a

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Exercise 8-21 Notes receivable transactions LO6 January 27 Received Lee's paynent for principal and interest on the note dated Decenber 13. March 3 Accepted a $22,9e0, 8k, 90 -day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $12, eee, 30 -day, 10% note in granting H. Cheng a fime extension on his past-due account receivable. Apri1 16H. Cheng dishonoured his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Toeas 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 intermediate calculations. Use 365 days a year.) Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries

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