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Required information [The following information applies to the questions displayed below.] Following are transactions of Danica Company. Decenber 13 Accepted a $9,500,45-day, 8t note in

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Required information [The following information applies to the questions displayed below.] Following are transactions of Danica Company. Decenber 13 Accepted a $9,500,45-day, 8t note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjuating 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 $5,000,108,90-day note in granting a time extension on the past-due account recoivable of Tomas Company. Mareh 17 Accepted a $2,000,30-day, 91 note in granting H.Cheng a time extension on his past-due account recelvable. April 16 H. Cheng diahonored his note. May I Wrote of the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Recelved the Tomas payment for prineipal and interent on the note dated March 3 . Compiete the table to calculate the interest amounts and use those calculated values 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. Complete the table to calculate the interest amounts. (Round "Total interest" answers to nearest whole doliar.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts. (Round "Total interest" answers to nearest whole Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. (Round "Total interest" ans First, complete the table below to calculate the interest amounts. (Round "Total interest" ansv Journal entry worksheet 24456 Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits. Journal entry worksheet 56 Accepted a $5,000,10%,90-day note in granting a time extension on the past-due account receivable of Tomas Company. Note: Enter debits before credits. Journal entry worksheet

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