Following are selected transactions of Danica Company for 2016.

Dec.		13		Accepted a $27,000, 45-day, 9% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable.
		31		Prepared an adjusting entry to record the accrued interest on the Lee note.

Complete the table to calculate the interest amounts at December 31^st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.)

View transaction list Journal entry worksheet 2 Record acceptance of a $27,000, 45-day, 9% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits. Date Dec 13, 2016 General Journal Debit Credit Record entry Clear entry View general journal Interest Amounts Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet 2 Prepare an adjusting entry to record the accrued interest on the Lee note. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2016 Record entry Clear entry View general journal