Required information (The following information applies to the questions displayed below) Following are transactions of Danica Company Dee. 13 Accepted a $11,000, 45-day, 9 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 Lee note. Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 80, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $3,000, 30-day, 10% note in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note. May 1 wrote of 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. Complete the table to calculate the Interest amounts and use those calculated values to prepare your journal entries. (Do not round Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Mi Note Tomas Co Note H Cheng Note General Journal Complete the table to calculate the interest amounts. Amount Total Through Accrued at Maturity - December 31 interest Recognized January 27 Principal Total interest Tomas Ce Note> Required Information (The following information applies to the questions displayed below) Following are transactions of Danica Company Dec. 13 Accepted a $11,000, 45-day, 96 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 Lee note. Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 88, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $3,000, 30-day, 108 note in granting H. Cheng a time extension on his past-due account receivable. Apr. 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. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Co Note H Cheng Note General Journal First, complete the table below to calculate the interest amounts Total Through Maturity Principal Rate (9) Total interest Mee Note HCheng Note > Required Information (The following information applies to the questions displayed below) Following are transactions of Danica Company, Dec. 13 Accepted a $11,000, 45-day, 9 note in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjunting entry to record the accrued interest on the Lee note. Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 81, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $3,000, 30-day, 108 note in granting H. Cheng a time extension on his past due account receivable. Apr. 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. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Generales M Lee Note Tomas Co Note H Cheng Note General First, complete the table below to calculate the interest amounts. Total Through Principal Rate (9) Time Total Inter Jan. 27 Received tee's payment for principal and interest on the note dated December 13. Mar. Accepted a $5,000, 80, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $3,000, 30-day, 108 note in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 . Cheng dishonored his note. May 1 wrote off the H. Chang account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March ). Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round Intermediate calculations. Use 360 days a year.) complete this question by entering your answers in the tabs below. M Lee Note Tomas Co Note H Cheng Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet 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 General Journal Debit Credit Record entry Clear entry View general Journal
