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Required information Use the following information for the Exercises below. The following information applies to the questions played below Following are transactions of Dance Company

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Required information Use the following information for the Exercises below. The following information applies to the questions played below Following are transactions of Dance Company Dec. 13 Accepted $21,000, 45-day, s nute in granting Miranda Lee tine extension to court receivable 31 Prepared gutte, entry to record the accrued interest on the toote Exercise 7.13 Notes receivable transactions LO P4 Jan. 27 Beve Lee's for prin and interest on the note dated December ar Accepted a $15,000, 50-02 note in grating a tine extension the cast-it be To Com 17 Accepted 513,00, cote in rating Chat tentos contract Ar 16 H Cheng med at ute of the Centrout little for Bout Account unei celed the ones for prin interest on the note tated to Complete the table to calculate the interest amounts and use thone calls to prepare your jou Do not round Intermediate calculations. Use 360 days year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate (%) Time Total interest Tomas Col Firse, omplete the table below to calculate Total Through Maturity Principal Rate (%) Time Total interest Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. 2 Accepted a $15,000, 8%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 3 Accepted a $13,000, 30-day, 6% note in granting H. Cheng a time extension on his past-due account receivable. 4 H. Cheng dishonored his note. 5 Wrote off the H. Cheng account against the Allowance for auhifal Account Note : journal entry has been entered Recordantne View transaction list 2 Accepted a $15,000, 8%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company 3 Accepted a $13,000, 30-day, 6% note in granting H. Cheng a time extension on his past-due account receivable. 4 H. Cheng dishonored his note. 5 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. 6 Received the Tomas payment for principal and interest on the note dated March 3. Note : = journal entry has been entered Record entry Clear entry Brai

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