Prepare journal entires

Notes receivable transactions P3 Refer to the information in Exercise 9-10 below and prepare the journal entries for the following selected transactions of Danica Company for 2015. 2015 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 10%, 90-day note dated March 3 in granting a time extension on the past- due account receivable of Tomas Company. 17 Accepted a $2,000, 30-day, 9% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 Cheng dishonors his note when presented for payment. May 1 Wrote off the Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March 3. Check Jan 27, Dr. Cash $9, 595 June 1, Dr. Cash $5, 125