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Followinf Transactions of Dianca Company complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries Required information
Followinf Transactions of Dianca Company
Required information [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $14,000,45-day, 6t note in granting Miranda Loe a time extengion on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the thee note. January 27 Received Lee's payent for principal and interent on the note dated December 13. Mareh 3 Aecepted a 58,000,68,90-day note in granting a time extension on the past-due account receivable of Tomas March 17 Accepted a $15,000, 30-day, 108 note in granting H. Cheng a time extension on his paot-due account. Company. receivable. Aprl1 16 B. Cheng dishonored his note. May 1 Wrote off the B. Cheng account againat the Allowance for Doubtful Accounte. June 1 Received the Tosas payment for principal and interest on the note dated Mareh 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 360 days a year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts. 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 intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries
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