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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 $18,000,45-day, 6x 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 $18,000,45-day, 6x note in granting Miranda lee a time extension on her past-due accou receivable. Deceaber 31 Prepared an adjusting entry to record the accrued interest on the lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your jou Note: Do not round your intermediate colculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts at December 31st. Use the calculated value to prepare your journal entries. 1 Record acceptance of a $18,000,45-day, 6% note in granting Miranda Lee a time extension on her past-due account recelvable. 2. Prepare an adjusting entry to record the accrued interest on the lee note. Note: - journal entry has been entered Use the calculated value to prepare your journal entries. Journal entry worksheet Record acceptance of a $18,000,45-day, 6% note in granting Miranda Lee a time extension on her past-due account recelvable. Note: Enter debis before credits

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