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Required information Use the following information for the Exercises 1819 below. (Algo) [The following information applios to the questions displayed below] Following are transactions of

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Required information Use the following information for the Exercises 1819 below. (Algo) [The following information applios to the questions displayed below] Following are transactions of Danica Company. Decesber 13 Accepted a \$16,000, 45-day, 101 note injgrasting Mirhad Lee a time exteneion on bier past-due account receivablo. December 31 Prepared an adjusting entry to record the acerved interest on the ine note. Exercise 7-19 (Algo) Notes receivable transactions LO P4 Jenuary 27 Received Lee's paynent for prinoipal asd interest on the note dated thecenber 13. Coepany. March 17 Accepted a $15,000, 30-dey, 80 note in granting 8 . Cheng a time extension on bis past-due account receivable. Mprill if 8 . Cbeng dishonored his note. May 1 Wrote off the 8 . Cheng account against the Allowasce for Doubtful Mocounts. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. Note: Do not round Intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your fournal entries. Journal entry worksheet 6 Accepted a $10,000,8%,90-day ite in granting a time extension on the past-due account receivable of Tomas Company. Note: Enter debits before credits. Journal entry worksheet (1) 2 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Note: Enter debits before credits. Journal entry worksheet Received the Tomas payment for principal and interest on the note dated March 3. Note: Enter debits before credits. Journal entry worksheet 1. 2 Note: Enter debits before credits. Journal entry worksheet 1 6 Accepted a $15,000,30-day, 8% note in granting H. Cheng a time extension on his past-due account receivable. Note: Enter debits before credits. Journal entry worksheet (2) 3 (4) 5 (5) Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits

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