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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 $9,500, 45-day, 8% 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 $9,500, 45-day, 8% 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 entrie (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. es Interest Amounts General Journal Use the calculated value to prepare your journal entries. View transaction list View journal entry worksheet No 1 Date Dec 13 Credit General Journal Notes receivable-M. Lee Accounts receivable-M. Lee Debit 17,000 17.000 2 Dec 31 39 Interest receivable Interest revenue

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