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Following are selected transactions of Danica Company for 2016. Dec. 13 Accepted a $9, 500, 45-day, Bl note dated December 13 In granting Miranda Lee

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Following are selected transactions of Danica Company for 2016. Dec. 13 Accepted a $9, 500, 45-day, Bl note dated December 13 In granting Miranda Lee a time extension on her past-due account receivable. 34 Prepared an adjusting entry to record the accrued interest on the Lee note. Complete the table to calculate the interest amounts at December 31" and use the calculated value to prepare your journal gritrios [Do not round your intermediate calculations, Use 360 days a your) Complete this question by entering your answers In the tabs below. Interest General Amounts |Journal Use the calculated value to prepare your journal entries. No Date Conoral Journal Dobit Credit Dec 13. 2019 Notes receivable-M. Lee 9,500 Accounts receivable M. Loo 9,500 2 Doc 31. 2019 Interest receivable Interest revenue 38

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