Following are transactions of Danica Company.

Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries.

Required information The following information applies to the questions displayed below.) Following are transactions of Danica Company, Dec. 13 Accepted a $11,000, 45-day, 108 note 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. 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.) 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 Maturity Recognized December 31 Principal Rate(%) Time Total interest Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet Record acceptance of a $11,000, 45-day, 10% note in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits. Date General Journal Debit Credit Dec 13 Record entry Clear entry View general journal