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Required information (The following information applies to the questions displayed below.) Following are transactions of The Company. Dec. 13 Accepted a $16,000, 45-day, 88 note

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Required information (The following information applies to the questions displayed below.) Following are transactions of The Company. Dec. 13 Accepted a $16,000, 45-day, 88 note in granting M.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 $10,000, 68, 90-day note in granting a time extension on the past-due account receivable of Tomas Company - 17 Accepted a $8,000, 30-day, 68 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. General M Lee Note Tomas C Note H Cheng Note Journal Complete the table to calculate the interest amounts. Total Through maturity Amount Accrued at December 31 Interest Recognized January 21 Principal Rate (%) Time Total interest 13 of 17 !! Next > Complete this question by entering your answers in the tabs belo M Lee Note Tomas Co H Cheng Note Note General Journal Complete the table to calculate the interest amounts. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate (%) Time Total interest

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