Following are selected transactions of Danica Company for 2017. Dec. 13 Accepted a $16,000, 45-day, 10% 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 31st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Answer is complete but not entirely correct. 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 31st Interest Total Through Recognized December Maturity 31 16,000 $ 16,000 10% 10% 45/360 18/360 $ Principal Rate (%) Time Total interest $ 20 $ 8 Following are selected transactions of Danica Company for 2017. Dec. 13 Accepted a $16,000, 45-day, 10% 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 31st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Price the calculated valu .. Use the calculated value to prepare your journal entries. No Date General Journal Debit Credit 1 Dec 13, 2017 Notes receivable-M. Lee 16,000 Notes receivable-M. Lee 16.000 2 Dec 31, 2017 8 X Interest receivable Interest revenue 8