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Required information [The following information applies to the questions displayed below.) Following are transactions of Danica Company. Dec. 13 Accepted a $15,000, 45-day, 8 note

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Required information [The following information applies to the questions displayed below.) Following are transactions of Danica Company. Dec. 13 Accepted a $15,000, 45-day, 8 note in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the tee note. 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 General Amounts Jouma Complete the table to calculate the interest amounts at December 31% Interest Total Through Recognized Maturity December 31 Principal Rate(%) Time Total interest General Journal > Required information [The following information applies to the questions displayed below.) Following are transactions of Danica Company. Dec. 1) Accepted a $15,000, 45-day, 88 note in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Leo note. 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 General Amounts Journal Use the calculated value to prepare your journal entries. View transaction lot View journal entry worksheet No Date Debit Credit 1 Dec 13 General Journal Notes receivable-M. Leo Accounts receivable M. Loo 15,000 15,000 2 Dec 31 60 Interest receivable Interest revenue 60

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