Required information [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $9,500,45-day, 61 note in qranting Miranda Lee a time extension on her past-due account receivable. December 31 prepared an adjusting entry to record the accrued interost on the Lee note. January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $5,000,101,90-day note in granting a time extension on the past-due account recoivabie of Tomas Company. Kareh 17 iccepted a $2,000,30-day, 91 note in granting 8. Cheng a tine extenaion on bin past-due-account receivable. April 16 H. Cheng dishonored hin note. May 1 Wrote off the H. Cheng account against the Allovance for Doubtfu1 Accounts. June 1 Received the Tomas payment for principal and intereat on the note dated Mareh 3. Complete the table to calculate the interest amounts arid 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 doltar.) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $9,500,45-day, B8 note in granting Miranda Lee a time extension on her past-due account receivable. December 31 prepared an adjusting entry to record the acerued interest on the Lee note. January 27 Received Lee' a payment for prineipal and interest on the noto dated December 13. March 3 Accepted a $5,000,108,90-day note in granting a time extension on the past-due account receivable of To Company. March 17 Accepted a $2,000,30-day, 91 note in granting H.Cheng a time extension on his past-due account receivable April 16 H. Cheng dithonored his note. May 1 Wrote off the 8 . Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated Mareh 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not roune your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. First, complete the table below to caleulate the interest amounts. (Round "Total interest" answer to nearest whole dollar.) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $9,500,45-day, 81 note in granting Miranda Lee a time extension on her past-doe account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. January 27 Received Lee's paynent for prineipal and interest on the note dated December 13. March 3 Accepted a $5,000,100,90-day note in granting a tine extenoion on the past-due account receivable of Tomas Company. March 17 Accepted a $2,000, 30-day, 96 note in granting H. Cheng a time extension on hio past-due account receivable. April 16 H. Cheng dishonored his note. May 1 Wrote off the B. Cheng aceount against the Allowance for Doubtful Accounts. June 1 Received the Toman payment for prineipal and interest on the note dated March 3. Complete 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. First, complete the table below to calculate the interest amounts. (Round "Total interest" answer to nearest whole dollac) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $9,500, 45-day, 88 note in granting Miranda Lee a ti=e extenston on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. January 27 Recoived Lee's payment for principal and interest on the note dated Decerber 13. March 3 Accepted a $5,000,108,90-day note in granting a time extension on the past-due account receivable of T Company. March 17 Accepted a $2,000,30-day, 91 note in granting 8 .Cheng a time extension on his past-due account receivab April 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for poubtful 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 journal entries. (Do not rou your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries. (Do not round hitermediate calculations. Round final answers to nearest whole dollar.) Use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest. whole dollar:) Journal entry worksheet Recelved Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits. Use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest. whole dollar.) Journal entry worksheet Accepted a $5,000,10%,90-day note in granting a time extension on the past-due account recelvable of Tomas Company. Note: Enter debits before credits. Jse those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest whole dollar:) Journal entry worksheet 6 Accepted a $2,000,30-day, 9% note in granting H. Cheng a time extension on his past-due account receivabie. Note: Enter debits before credits. Use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest whole dollar.) Journal entry worksheet 1256> Use those calculated values to prepare your journal entries, (Do not round intermediate caiculations. Round final answers to nearest. whole dollar) Journal entry worksheet
