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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
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. Decenber 13 Accepted a $10,000,45-day, 194 note in granting Miranda Lee a tine extension on her past-due account receivable. Decenber 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 9-18 (Algo) Notes receivable transactions LO C2 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journai entries. Note: Do not round your intermedlate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your joumal entries. Journal entry worksheet Record acceptance of a $10,000,45-doy, 10% note in granting Miranda Lee a time extension on her past-due account recelvable. Note: Enter debits before credes
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