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( Required information [ The following information applies to the questions displayed below. ] Following are transactions of Danica Company. December 1 3 Accepted a
Required information
The following information applies to the questions displayed below.
Following are transactions of Danica Company.
December Accepted a $day, note in granting Miranda Lee a time extension on her pastdue December Prepared an adjusting entry to record the accrued interest on the Lee note.
Complete the table to calculate the interest amounts at December and use the calculated value to prepare your journal entries.
Note: Do not round your intermediate calculations. Use days a year.
Complete this question by entering your answers in the tabs below.
Interest
General
Amounts
Journal
Complete the table to calculate the interest amounts at December
tabletableTotal ThroughMaturitytableInterestRecognizedDecember PrincipalRate TimeTotal interest,,
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