Required information Use the following information for the Exercises 1819 below. (Static) [The forlowing information applies to the quesbons displayed below? Following are tronsactions of Danica Compsny. Deceaber 13 Accepted a 39,500,45-day, Es note in granting Miranda Lee a tise extension on her past-due account recesvabie. pecesber 31 Prepared an adjusting entry to record the accrued interest on the lee sote. Exercise 9-19 (Static) Notes receivable transactions LO P4 January 27 Received Lee's payatent for principat and interest on the note dated Decesber 13. Coapany. March 17 Acrepted a 12,e00,36-day, F note in granting H. Cheng a time extension on his past-due account receivable. Aprit is H. Cheng disboored bis oote. May 1 wrote off the H. Cheng acceunt agasinst the Allowance for Doubtful Accointr. June 1 Recelved the Toons bayent for principal and interest on the note dated learch 3 . Complete the toble to calculate the interest amounts and use those calculoted values to prepare your journal entries Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts. Noter Round "Tatal interest" answers to nearest whole dollac. Required information Use the following information for the Exercises 18-19 below. (Static) (The following informution applies to the questions displisyed below)] Following are transactions or Danica Company. Decebber 13 Accepted a 39,500,45day,8x note in granting Mirands Lee a tive extension on her past-due account receivable. Decesber 31 Prepared an adjusting entry to record the accrued interest on the lee note. Exercise 9-19 (Static) Notes receivable transactions LO P4 January 27 Meceived Lee's paynent for principal and interest on the nete dated Deceaber 13. March 3 Accepted a 55,000 , 10d, 90-day note in granting a tine extensien on the past-due account receivable of Toeas Company. April 16 H. Cheng dishonored his note. June 1 Received the Tomas payeest for priscipal 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. Note: Do not round your intermediate calculations. Use 360 days a year. Complete thls question by entering your answers in the tabs below. First, complete the kabie below to calculate the interest amounts. Nosei Round "Thal interest' aniwer to nearest whole dodar Required information Use the following information for the Exercises 18-19 below. (Static) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $9,500,45-day, 8s note in granting Miranda Lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 9-19 (Static) Notes receivable transactions LO P4 January 27 Received Lee's paynent for principal and interest on the note dated December 13. March 3 Accepted a $5,000,10%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $2,000,30-day, 98 note in granting H.Cheng a time extension on his past-due account receivable. April 16H. Cheng dishonored his note. May 1 Krote off the H. Cheng account against the Allowance for Doubtful Accounts. 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. Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. Note: Round "Total interest" answer to nearest whole dollar. Use those calculated values to prepare your journal entries. Note: Do not round intermediate calculations. Round final answers to nearest whole dollar. Journal entry worksheet 2 5 6 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. Journal entry worksheet 6 Accepted a $5,000,10%,90-day note in granting a time extension on the past-due account receivable of Tomas Company. Note: Enter debits before credits
