! Required Information Use the following information for the Exercises 18-19 below. (Algo) [The following information applies to the questions displayed below) Following are transactions of Danica Company December 13 Accepted a $14,000, 45-day, 6% note in granting Miranda tee time extension on her bast-due account receivable. December 31 Prepared an adjusting entry to record the accrued interest on the Lee note Exercise 7-19 (Algo) Notes receivable transactions LO P4 January 27 Received Lee's payment for principal and interest on the note dated December is March | Accepted a $8,800, 6%, 90-day note in granting a tine extension on the past-fue account neceivable of Jonas Company March 17 Accepted a $15,000, 30-day, 18% note in granting H. Cheng a tinextension of his past account receivable April 16 H. Cheng dishonored his note May 1 Wrote 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 Maech Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries (Do not round Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas H Cheng Note Company Note General Journal Complete the table to calculate the interest amounts. Doubtful Accounts 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 Intermedlote calculations. Use 360 days a year) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal Complete the table to calculate the interest amounts. Principal Rate (9) Total Through Amount Interest Accrued at Maturity Recognized December 31 January 27 14.000 s 14,000 s 14,000 0% 096 46/360 04 Time Total interest Tomas Company Note > Ipal 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 entri Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal First, complete the table below to calculate the interest amounts. Principal Rate (9) Time Total interest Total Through Maturity $ 8.000 896 90/360 calculate the interest amounts and use those calculated values to prepare your journal entries. Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note HCheng Note General Journal First, complete the table below to calculate the interest amounts Total Through Maturity Principal Rate(%) Time Total interest Tomas Company Not General Journal > View transaction list Journal entry worksheet
