Following are transactions of Danica Company December 13 Accepted a $28,000, 45-day, 8 note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $22,000, 89, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a 518, eee, 30-day, 8 note in granting H. Cheng a time extension on his past-due account receivable. April 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 General Company Note HCheng Note Journal Complete the table to calculate the interest amounts. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate(%) Time Total Interest Following are transactions of Danica Company. December 13 Accepted a $28,200, 45-day, 84 note in granting Miranda Lee a tine extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $22,800, 84, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $18,000, 38-day, 84 note in granting H. Cheng a tine extension on his past-due account receivable. April 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. Tomas General M Lee Note Company Note H Cheng Note Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Timo Total Interest Following are transactions of Danica Company December 13 Accepted a $28,000, 45-day, 8 note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $22,800, 84, 90-day note in granting a time extension on the past-due account receivable of Tomas Company, March 17 Accepted a $18,688, 30-day, 84 note in granting H. Cheng a tine extension on his past-due account receivable. April 16 H. 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 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 General Company Note H Cheng Note Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate (%) Time Total Interest 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. Note: Enter debits before credits. Date General Journal Debit Credit January 27 Record entry Clear entry View general journal Journal entry worksheet Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Note: Enter debits before credits Date General Journal Dobit Credit May 01 Record entry Clear entry View general journal H Cheng Note Beren Journal entry worksheet Received the Tomas payment for principal and interest on the note dated March 3. Note: Enter debits before credits. Date General Journal Debit Credit June 01 Record entry Clear entry View general Journal