Required information Complete the table to calculate the interest amounts. First, complete the table below to calculate the interest amounts. $\begin{array}{cc}M\text{L}\text{e}\text{e}\text{N}\text{o}\text{t}\text{e}& \text{T}\text{o}\text{m}\text{a}\text{s}\\ \text{C}\text{o}\text{m}\text{p}\text{a}\text{n}\text{y}\text{N}\text{o}\text{t}\text{e}& ?\end{array}$ H Cheng Note $,$

$\begin{array}{cc}\text{G}\text{e}\text{n}\text{e}\text{r}\text{a}\text{l}& \text{J}\text{o}\text{u}\text{r}\text{n}\text{a}\text{l}\end{array}$

First, complete the table below to calculate the interest amounts.

$\backslash$table$[[,\backslash$table$[[$Total Through$],[$Maturity$]]],[$Principal$,],[$Rate $(\%),],[$Time$,],[$Total interest,$]]$Use those calculated values to prepare your journal entries.

Journal entry worksheet

$6$

Received Lee's payment for principal and interest on the note dated December

Assume no reversing entries were prepared.

Note: Enter debits before credits.

$[$The following information applies to the questions displayed below.$]$

Following are transactions of Danica Company.

December $13$ Accepted a $$12,000,45-$day, $2\%$ note in granting Miranda Lee a time extension on her past$-$due account receivable.

December $31$ Prepared an adjusting entry to record the accrued interest on the Lee note.

January $27$ Received Lee's payment for principal and interest on the note dated December $13.$

March $3$ Accepted a $$6,000,8\%,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 a time extension on his past$-$due account receivable.

April $16H.$ 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.

Note: Do not round intermediate calculations. Use $360$ days a year.