Following are transactions of Danica Company. December 13 Accepted a $22,000, 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 $16,000, 8%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $18,000, 30-day, 10 % 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 Company Note H Cheng Note General Journal Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet < 1 2 3m 4 5 6 Accepted a $18,000, 30-day, 10% note in granting H. Cheng a time extension on his past-due account receivable. Note: Enter debits before credits. Date March 17 General Journal Debit Credit 7 9 2 of 2 Requ March 17 Accepted a $18,000, 30-day, 10% 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. Tomas M Lee Note Company Note H Cheng Note g\Note General Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate (%) Time Total interest < Tomas Company Note General Journal > Required information March 17 Accepted a $18,000, 30-day, 10 % 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 Company Note H Cheng Note General 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 M Lee Note Tomas Company Note > Required information you yo Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet < 1 3 4 5 6 Accepted a $16,000, 8%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. Note: Enter debits before credits. Date March 03 General Journal Debit Credit 7 Complete this question by entering your answers in the tabs below. M Lee Note Tomas H Cheng Note Company Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet 1 2 3 4 5 Received the Tomas payment for principal and interest on the note dated March 3. Note: Enter debits before credits. Date June 01 General Journal Debit Credit Required information March 17 Accepted a $18,000, 30-day, 10% 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 Company Note H Cheng 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 > Required information March 17 Accepted a $18,000, 30-day, 10% 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 Company Note General H Cheng Note Journal Use those calculated values to prepare your journal entries. View transaction list 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. 7 Complete this question by entering your answers in the tabs below. Tomas M Lee Note Company Note H Cheng Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet < 1 2 3 H. Cheng dishonored his note. Note: Enter debits before credits. Date April 16 LO 5 6 General Journal Debit Credit 7 Complete this question by entering your answers in the tabs below. M Lee Note Tomas H Cheng Note Company Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet > 1 2 3 4 6 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Note: Enter debits before credits. Date May 01 General Journal Debit Credit S 7 Required information March 17 Accepted a $18,000, 30-day, 10% 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 Company Note General H Cheng Note Journal Use those calculated values to prepare your journal entries. View transaction list 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. 7