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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 $17,000, 45-day, 9% note in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 7-13 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 $11,000, 8%, 90-day note in granting a time extension on the past due account receivable of Tomas Company 17 Accepted a $9,000, 30-day, 10% 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 roun 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 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 $17, eee, 45-day, 9% note in granting Miranda Lee a tine extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 7-12 Notes receivable transactions LO C2 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31st

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