Required information [The following information applies to the questions displayed below] Following are transactions of Danica Company. Decenber 13 Accepted a 522 ,eee, 45-day, 26 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. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare four journal entrie Note: 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 at December 31st. Required information [The following information applies to the questions displayed below] Following are transactions of Danica Company. Decemer 19 Accepted a 522 , eee, 45-dby, 28 note in granting Miranda lee a time extension on her past-due account recefvable. Decenber 31 Prepared an adjusting entry to record the accrued interest on the lee note. January 27 Recelved lee's payment for principal and interest on the note dated Decenber 13. March 3 Accepted a $16,000, st, 9e-day note in grantinc a time extensien on the past-due account receivable of Toeas conpany April 16 ih. Cheng dishonored his note. May 1 Wrote off the M. Chene account acainst the Allowance for Doubtful Accounts. June 1 Recelved the Toms paypent for principal and interest on the note dated March 3. Complete the table to caicutate the tnterest amounts and use those calcutated vatues to prepare your journal entries. Note: Do not round intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Required information [The following information applies to the questions displayed below] Following are transactions of Danica Company. Decenber 13 Accepted a 522 ,eee, 45-day, 26 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. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare four journal entrie Note: 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 at December 31st. Required information [The following information applies to the questions displayed below] Following are transactions of Danica Company. Decemer 19 Accepted a 522 , eee, 45-dby, 28 note in granting Miranda lee a time extension on her past-due account recefvable. Decenber 31 Prepared an adjusting entry to record the accrued interest on the lee note. January 27 Recelved lee's payment for principal and interest on the note dated Decenber 13. March 3 Accepted a $16,000, st, 9e-day note in grantinc a time extensien on the past-due account receivable of Toeas conpany April 16 ih. Cheng dishonored his note. May 1 Wrote off the M. Chene account acainst the Allowance for Doubtful Accounts. June 1 Recelved the Toms paypent for principal and interest on the note dated March 3. Complete the table to caicutate the tnterest amounts and use those calcutated vatues to prepare your journal entries. Note: Do not round intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below
