Refer to the information in Exercise 9-10 and prepare the journal entries for the following selected trans- sctions of Danica Company for 2015. Exercis Notes re transact 2015 Check $9,595 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. $5,12 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Its year-end unadjusted trial balance includes the following items. Cash sales Credit sales Exercis Estimati P2 epare $900,000 300,000 omer As its Accounts receivable $125.000 debit Allowance for doubtful accounts 5.000 debit a. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 3% of credit sales. b. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 1% of total sales. c. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable. Sof de- un- ese Check Expens ate at Prepare journal entries for the following selected transactions of Danica Company for 2014. he ml 2014 Dec. 13 Accepted a $9,500.45-day, 8% note dated December 13 in granting Miranda Lee a time exten- sion on her past-duc account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exe Note tran C2 Che Intel