Following are selected transactions of Danica Company for 2016.

Dec.		13		Accepted a $26,000, 45-day, 7% 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.)

Exam #4 (Ch:67) 100 pts. Due: March 15 0 Help Save & Exit Submit Saved Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted a $26,000, 45-day, 7% note dated December 13 in granting Miranda Lee a tine extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 10 points Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries (Do not round your intermediate calculations. Use 360 days a year.) 02-10:39 Complete this question by entering your answers in the tabs below Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31t Interest Total Through Recognized Maturity December 31 Principal Rate (%) Time Total interest Interest Amounts General Journal 8 View transaction list Journal entry worksheet 10 polnts 2 Record acceptance of a $26,000, 45-day, 790 note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. 02:10:26 Note: Enter debits before credits. Date General Journal Debit Credit Dec 13, 2016 Record entry Clear entry View general journal