please help answer the calculation of interest

1 The following selected transactions are from Lauer Company Year 1 Dec. 16 Accepted a $16,800, 60-day, 12% note in granting Leslie Stone a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Stone note. points eBook References Year 2 Feb. 14 Received Stone's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $11,000, 6%, 90-day note in granting a time extension on the past-due account receivable from Griffin Co. 17 Accepted a $5,400, 30-day, 8% note in granting Kay Wright a time extension on her past-due account receivable. Apr. 16 Wright dishonored her note. May 31 Griffin Co. dishonored its note. Aug. 7 Accepted a $16,000, 90-day, 8% note in granting a time extension on the past-due account receivable of Lee Co. Sep. 3 Accepted a $7,800, 60-day, 10% note in granting Paul Brown a time extension on his past-due account receivable. Nov. Received payment of principal plus interest from Brown for the September 3 note. Nov. 5 Received payment of principal plus interest from Lee for the August 7 note. Dec. Wrote off the Wright account against the Allowance for Doubtful Accounts. 2 1 Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that total interest revenue agrees with the trial balance. Dates: Jan 01 to: Dec 31 Lauer Co. Calculation of interest revenue February 14 - Stone note: Principal Interest rate $ 16,800 120% Mc Lauer Co. Calculation of interest revenue $ 16,800 12.0% 45 February 14 - Stone note: Principal Interest rate Number of days' interest to be recorded in Year 2 Principal x rate x days/360 = March 2 - Griffin note: Principal Interest rate Number of days' interest to be recorded in Year 2 $ 252 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Total interest revenue - Year 2 $ 252 1 The following selected transactions are from Lauer Company Year 1 Dec. 16 Accepted a $16,800, 60-day, 12% note in granting Leslie Stone a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Stone note. points eBook References Year 2 Feb. 14 Received Stone's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $11,000, 6%, 90-day note in granting a time extension on the past-due account receivable from Griffin Co. 17 Accepted a $5,400, 30-day, 8% note in granting Kay Wright a time extension on her past-due account receivable. Apr. 16 Wright dishonored her note. May 31 Griffin Co. dishonored its note. Aug. 7 Accepted a $16,000, 90-day, 8% note in granting a time extension on the past-due account receivable of Lee Co. Sep. 3 Accepted a $7,800, 60-day, 10% note in granting Paul Brown a time extension on his past-due account receivable. Nov. Received payment of principal plus interest from Brown for the September 3 note. Nov. 5 Received payment of principal plus interest from Lee for the August 7 note. Dec. Wrote off the Wright account against the Allowance for Doubtful Accounts. 2 1 Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that total interest revenue agrees with the trial balance. Dates: Jan 01 to: Dec 31 Lauer Co. Calculation of interest revenue February 14 - Stone note: Principal Interest rate $ 16,800 120% Mc Lauer Co. Calculation of interest revenue $ 16,800 12.0% 45 February 14 - Stone note: Principal Interest rate Number of days' interest to be recorded in Year 2 Principal x rate x days/360 = March 2 - Griffin note: Principal Interest rate Number of days' interest to be recorded in Year 2 $ 252 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Total interest revenue - Year 2 $ 252