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Required information The following information applies to the questions displayed below! Following are transactions of Danica Company Dec. 13 Accepted a $19,000, 45-day, 8x note

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Required information The following information applies to the questions displayed below! Following are transactions of Danica Company Dec. 13 Accepted a $19,000, 45-day, 8x note in granting Miranda Lee a tine 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 $13,000, 10%, 90-day note in granting a time extension on the past due account receivable of Tomas Company. 17 Accepted a $11,080, 30-day, 8% 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.) Dances Complete this question by entering your answers in the tabs below. M Lee Note Tomas C H Cheng Note Note Journal Complete the table to calculate be interest amounts. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate(%) Tume Total interest Tomas Co Note > 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(%) Time Total interest General M Lee Note Tomas Co Note HCheng Note Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate ) Time Total interest Journal entry worksheet 2 3 4 5 6 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. Date General Journal Debit Credit Jan 27 Record entry Clear entry View general Journal

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