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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Following are transactions of Danica Company.

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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Following are transactions of Danica Company. Dec. 13 Accepted a $23,000, 45-day, 7 note in granting Miranda Lee a time extension on her past-due account 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 9-13 Notes receivable transactions LO P4 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Arcepted a $17,000, 84, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $15,000, 30-day, 6 note in granting H. Cheng a time extension on his past-due account receivable. Apr. 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 March 3. 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 Co Note H Cheng Note General Journal Exercise 9-13 Notes receivable transactions LO P4 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $17,006, 84, 90-day note in granting a tine extension on the past-due accountable of Tonus 17 Accepted a $15,000, 30-day, 64 note in granting H. Cheng a time extension on his past-du unt receivable Apr. 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 March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal (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 Co Note H Cheng Note General Complete the table to calculate the interest : General Journal Journal Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate (%) Time Total Interest Tomas Ce Nate> Ova of 6 FIE Next

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