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Required information Use the following information for the Exercises 20-21 below. [The following information applies to the questions displayed below.] Following are transactions of Danica

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Required information Use the following information for the Exercises 20-21 below. [The following information applies to the questions displayed below.] Following are transactions of Danica Company. Deccaber 13 Accepted a \$10,000, 45-day, 2X note in granting Miranda Lee a time extension on her past-due account: receivable. Decenber 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 8-20 Notes receivable transactions LO6 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. Do not round your intermediate calculations. Use 365 days o year.) Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your journal entries. Journal entrv worksheet rollowing are transactions ot Vanica Lompany. Decomber 13 Accepted a $10,000,45-day, 2x note in granting Miranda Lee a time extension on her past-due account receivable. December 31 propared an adjusting entry to record the accrued interest on the lee note. Exercise 8-20 Notes receivable transactions LO6 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries (Do not round your intermediate calculations. Use 365 days a year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest arnounts at December 31st. Journal entry worksheet Record acceptance of a $10,000,45-day, 2% note in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits

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