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Following are selected transactions of Danica Company for 2016. Dec. 13 Accepted a $26,000, 45-day, 9% note dated December 13 in granting Miranda Lee extension

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Following are selected transactions of Danica Company for 2016. Dec. 13 Accepted a $26,000, 45-day, 9% note dated December 13 in granting Miranda Lee 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 31st and use (Do not round your intermediate calculations. Use 360 days a year.) ed value to prepare your jou Book Complete this question by entering your answers in the tabs below. rint Interest Amounts General Journal rences Complete the table to calculate the interest amounts at December 31 Interest ough Recognized MaturityDecember 31 Principal Rate (%) Time Total interest General Journal

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