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Following are selected transactions Dawood Company for 2014 and 2015. 2014 Dec. 13 Accepted a $12,000, 45-day, 6% note dated December 13 in granting Majda

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Following are selected transactions Dawood Company for 2014 and 2015. 2014 Dec. 13 Accepted a $12,000, 45-day, 6% note dated December 13 in granting Majda Labib a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Labib note. 2015 Jan. 27 Received Labib's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $6,000, 10%, 90-day note dated March 3 in granting a time extension on the past- due account receivable of Tamim Company 17 Accepted a $4,000. 30-day, 6% note dated March 17 in granting H. Hassan a time extension on his past-due account receivable, Apr. 16 Hassan dishonors his note when presented for payment. May 1 Wrote off the Hassan account against the Allowance for Doubtful Accounts. June 1 Received the Tamim payment for principal and interest on the note dated March 3. First, complete the table below to calculate the interest amounts. (Do not round intermediate calculations and round your final answer to nearest whole dollar. Use 360 days a year.)

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