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Required information [The foliowing information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $9,560,45-day, 84 note in

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Required information [The foliowing information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $9,560,45-day, 84 note in granting kirando Lee a tine extension on her past-due 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 datod Deceeber 13. March 17 Accepted a \$2, eee, 3e-day, 94 note in granting H.Cheng a tine extension on his past-due account receivable. April 16H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the At wowance for Doubtut Accounts. June 1 Recelved the Tonas payment for principat and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your joumal entries. Note: Do not round your intermediate calculations. Use 360 days a year

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