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Required information [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a 59,500, A5-day, ax note

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Required information [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a 59,500, A5-day, ax note in granting, Miranda lee a tine extersion on her past-due account receivable. December 31 prepared an adjusting entry to record the accried interest on the lee note. January 27 Aecelved Lee's payment for princlpal and Iaterest on the note dated Decenber 13. March 3 Accepted a $5,000, 10x, ge-day note in granting a tine extension on the past-due account receivable of Tonss coapary. 1 Aarch 17 Accepted a $2,000, 30-day, of note in eranting H.Cheng a time extension on his past-due account recelvable. April 16 A. Cheng dishonored his note. Hyy 1 hrote off the H. Chene account against the Allowance for Doubtfol Accounts. June 1 heceived the Tomas paybert for principal and interest on the note dated March 3 . Complete the table to calculate the interest amounts and use those colculated volues to prepare your joumal entries 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. Note: Round "Total interest' answers to nearest whole doilar

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