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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
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 59.500, 45 day, 8% note in granting Miranda Lee tine extension on her past due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note Exercise 7-17 (Static) Notes receivable transactions LO C2 Complete the table to calculate the interest amounts of December 31 and use the calculated value to prepare your journal entries (Do not found your intermediate calculations, Round "Total interest answers to nearest whole dollars. Use 360 days a year) Complete this question by entering your answers in the tabs below. Interest Amourits General Journal Complete the table to calculate the interest amounts at December 31 To Though Maturity Interest Reconned December 31 Principal Rate 1) Interest Amounts General Journal Complete the table to calculate the interest amounts at Dec Interest Total Through Maturity Recognized December 31 Principal Rate (%) Time Total interest se the calculated value to prepare your journal entries. View transaction list Journal entry worksheet
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