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not sure on how to do the interest recognized part of the table O Required information [The following information applies to the questions displayed below!
not sure on how to do the interest recognized part of the table O Required information [The following information applies to the questions displayed below! Following are transactions of Danica Company Dec. 13 Accepted a $9,500, 45-day, 89 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. 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.) Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31st Interest Recognized December 31 Total Through Maturity $ 9,500 8% Principal Rate (%) Time Total interest 45/360 $ 95
not sure on how to do the interest recognized part of the table
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