Following are transactions of Danica Company Dec. 13 Accepted a $21,000, 45-day, 91 note in granting Miranda Lee a time extension on her past-duo account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $15,000, 81, 90-day note in granting a time extension on the past-doo account receivable of Tomas Company 17 Accepted a $13,000, 30-day, 88 note in granting 1. Cheng a time extension on his past-due account receivable. Apr. 16 . Cheng dishonored his note. May I wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March ). Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Tomas Co M Lee Note General Note M Cheng Note Journal Complete the table to calculate the interest amounts Amount Interest Total Through Accrued at Maturity Recognized December 31 January 27 Principal Rate(%) Time Total interest Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $15,000, BX, 90-day note in granting a time extension on the past-duo account receivable of Tomas Company 17 Accepted a $13,000, 30-day, 86 note in granting 1. Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Co Note HCheng Note General Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Time Total Interest M Lee Note H Cheng Note > Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $15,000. 88, 90-day note in granting a time extension on the past due account recoivable of Tomas Company 17 Accepted a $13,000, 30-day, 8! note in granting H. Cheng a time extension on his past due account receivable. Apr. 16 H. Cheng dishonored his note. May 1 Wrote oft the H. Cheng account against the Allowance for Doubtful Accounts June 1 Received the Tomas payment for principal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas CO IH Chesa Note Note General Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Time Total interest Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $15,000, 88, 90-day note in granting a time extension on the past-due account receivable of Tomas Company 17 Accepted a $13,000, 30-day, 8! note in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the allowance for Doubtful Accounts. June 1 Received the Tomas paynent for principal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Tomas Co M Lee Note M Cheng Note General Note Journal Use those calculated values to prepare your journal entries. View transaction fiat Journal entry worksheet 1 2 3 4 5 6 Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared
