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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

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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, Bk note in granting Miranda Lee a tine extension on her past-due account 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 paynent for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 101, 90-day note in granting a tine extension on the past-due account receivable of Tomas 17 Accepted a $2,000, 30-day, 9 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 Tonas 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) M Lee Note Tomas Co Note H Cheng Note General Journal Complete the table to calculate the interest amounts. (Round "Tota Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate (%) Time Total interest M Lee Note Tomas Co Note H Cheng ces First, complete the table below to calc Total Through Maturity Principal Rate (%) Time Total interest M Lee Note Tomas Co Note; H Cheng s First, complete the table below to calc Total Through Maturity Principal Rate (%) Time Total interest

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