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Following are selected transactions Danica Company for 2014. Dec. 13 Accepted a s22.000. 45-day 8% note dated December 13 in granting Miranda Lee a time
Following are selected transactions Danica Company for 2014. Dec. 13 Accepted a s22.000. 45-day 8% note dated December 13 in granting Miranda Lee a time 31 extension on her account receivable. interest on the Lee note. an adjusting entry to record the accrued intermediate below to calculate the interest amounts at December 31st (Do not round calculations. Use 360 days a year) interest Total Through Recognized Maturity December 31 Principal Rate Time Total interest
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