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, 8% note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. anuary 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $5,000, 10%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $2,000, 30-day, 9% note in granting H. Cheng a time extension on his past-due account receivable. April 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March 3. omplete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. lote: Do not round your intermediate calculations. Use 360 days a year. > Answer is not complete. Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal Complete the table to calculate the interest amounts. Note: Round "Total interest" answers to nearest whole dollar. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal $ 9,500 $ 9,500 Rate (%) 8% 8% Time 45/360 18/360 Total interest $ 95 $ 38