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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 $23,000, 45-day, 9% 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 $23,000, 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 Complete the table to calculate the interest amounts at December 31St and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. General Interest Amounts Journal Complete the table to calculate the interest amounts at December 31st Interest Total Through Recognized Maturity December 31 Principal 23,000 S 23,000 9% Rate (%) 9% Time 45/360 18/360 Total interest Journal entry worksheet 2 1 Record acceptance of a $23,000, 45-day, 9% note in granting Miranda Lee a time extension on her past-due account receivable Note: Enter debits before credits. General Journal Date Debit Credit Dec 13 Record entry View general journal Clear entry Journal entry worksheet 2 1 Prepare an adjusting entry to record the accrued interest on the Lee note. Note: Enter debits before credits. Date Credit General Journal Debit Dec 31 View general journal Record entry Clear entry

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