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Required information Use the following Information for the Exercises below. (The following information applies to the questions displayed below.) Following are transactions of Danica Company. Dec. 13 Accepted a $29,000, 45-day, 7% note 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. Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31st. Total Through Maturity Interest Recognized December 31 Principal Rate (%) Time Total interest General Journal > 1 2 Record acceptance of a $29,000, 45-day, 7% note in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits. Debit General Journal Credit Date Dec 13 Prepare an adjusting entry to record the accrued interest on the Lee note. Note: Enter debits before credits. Debit Date General Journal Credit Dec 31