Required information Use the following information for the Exercises 17-18 below. (Static) [The following information applies to the questions displayed below.) Following are transactions of Danica Company Dec. 13 Accepted a $9,500, 45-day, st 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. Exercise 7-18 (Static) Notes receivable transactions LO P4 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. . J Accepted a $5,000, 101, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $2,000, 30-day, 98 note in granting H.Cheng a tine 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 necounts. 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 your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Tomas Co General View transaction list View journal entry worksheet Ng Date General Journal 1 Debit Jan 27 Credit 9,595 Cash Notes receivable -M. Lee Interest revenue Interest payable 9,500 38 57 2 Mar 03 Notes receivable-Tomas Co Accounts receivableTomas Co 5,000 5,000 3 Mar 17 Notes receivable --H. Cheng Accounts receivable-H. Cheng 2.000 2,000 4 Apr 16 Accounts receivable-H. Cheng Notes receivable-H. Cheng 2,000 2,000 5 May 01 Allowance for doubtful accounts Accounts receivable H Cheng 2,000 2.000 Jun 01 Cash Accounts receivable Tomas Co 5,125 5.125 View transaction list OL View journal entry worksheet No Date General Journal 1 Jan 27 Debit Credit Cash Notes receivable M. Lee Interest revenue Interest payable 9.595 9,500 38 2 57 Mar 03 Notes receivable-Tomas Co Accounts receivable-Tomas Co 5,000 3 5,000 Mar 17 Notes receivable-H. Cheng Accounts receivable-H. Cheng 2,000 4 2,000 Apr 16 Accounts receivable-H. Cheng Notes receivable-H. Cheng 2,000 2,000 5 May 01 Allowance for doubtful accounts Accounts receivable-H. Cheng 2,000 2.000 6 Jun 01 Cash Accounts receivable-Tomas Co Interest expense 5,125 5,125