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oblems Saved Following are selected transactions of Danica Company for 2017. Dec. 13 Accepted a $18,000, 45-day, 8% note dated December 13 in granting Miranda

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oblems Saved Following are selected transactions of Danica Company for 2017. Dec. 13 Accepted a $18,000, 45-day, 8% note dated December 13 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.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31 Principal Rate(%) Time Total interest Interest Total Through Recognized Maturity December 31 $ 18,000 $ 18,000 8% 8% 45/360 27/360 General Journal > Following are selected transactions of Danica Company for 2017 Dec. 13 Accepted a $18,000, 45-day, 8% note dated December 13 in granting Miram due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee Complete the table to calculate the interest amounts at December 31st and use the calcula (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest General Amounts Journal General Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet Record acceptance of a $18,000, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits Date General Journal Debit Credit Dec 13, 2017 ee Interest Amounts General Journal se the calculated value to prepare your journal entries. View transaction list Journal entry worksheet

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