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Required information Use the following information for the Exercises 18-19 below. (Algo) [The following information applies to the questions displayed below.) Following are transactions of Danica Company December 13 Accepted a $22,080, 45-day, 4% note in granting Miranda Lee a time extension on her past-due account December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. receivable. Exercise 7-19 (Algo) Notes receivable transactions LO P4 January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $16,600, %, 90-day note in granting a time extension on the past-due account receivable of Tomas Company March 17 Accepted a $15,000, 30-day, 6% note in granting H. Cheng o 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 roun intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas General Company Note H Cheng Note Journal Complete the table to calculate the interest amounts. Amount Interest Total Through Accrued at Recognized Maturity December 31 January 27 Principal Rate(%) Time Total Interest Complete this question by entering your answers in the tabs below. Tomas General M Lee Note Company Note H Cheng Note Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Time Total interest Tomas M Lee Note 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 Tomas Company Note H Cheng Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits. General Journal Debit Credit Date January 27 Record entry Clear entry View general journal