Required information of 2 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 $20,000, 45-day, 4% 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. Book Exercise 9-18 (Algo) Notes receivable transactions LO C2 erences Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at December 315 Exercise 9-18 (Algo) Notes receivable transactions LO C2 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31st. Total Through Maturity Interest Recognized December 31 S 20.000 Principal Rate (%) Time 4% Total interest General Joumal View transaction list O Record acceptance of a $20,000, 45 day, 4% note in granting Miranda Lee a time extension on her past due account receivable, > 2. Prepare an adjusting entry to record the accrued interest on the Lee note Credit 20.000 journal entry has been entered Complete the table to calculate the interest amounts and use those calculated values to prepare your journal intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal Complete the table to calculate the interest amounts. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate (%) Time Total interest Tomas Company Note > 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 journ intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas 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 1 Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. ecember 2 Accepted a $14,000, 8%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company Credit 3 Accepted a $21,000, 30-day, 10% note in granting H. Cheng a time extension on his past-due account receivable. 4 H. Cheng dishonored his note. 5 Wrote off the H. Cheng account against the Allowance for Note: = journal entry has been entered > 2 Accepted a $14,000, 8%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. ecember 3 Accepted a $21,000, 30-day, 10% note in granting H. Cheng a time extension on his past-due account receivable. H. Cheng dishonored his note. Credit 5 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. 6 Received the Tomas payment for principal and interest on the note dated March 3. Note: journal entry has been entered