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 $28,000, 45-day, 88 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 9-13 Notes receivable transactions LO P4 Mar. Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. 3 Accepted a $22,000, 88, 90-day note in granting a time extension on the past- due account receivable of Tomas Company. 17 Accepted a $20,000, 30-day, 88 note in granting 1. 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 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 Tomas Co H Cheng General Note Note Note Journal Use those calculated values to prepare your journal entries. View transaction list View journal entry worksheet No Date General Journal 1 Jan 27 Notes receivable-H. Cheng Accounts receivable-H. Cheng Interest receivable Interest receivable Credit Debit 26,000 28,000 112 112 2 Mar 03 22.000 Accounts receivable-H. Cheng Accounts receivable-H. Cheng 22.000 Mar 17 Notes receivable-H. Cheng Accounts receivable-H. Cheng 20,000 20.000 4 Apr 16 20,133 Accounts receivable-H. Cheng Interest receivable Notes receivable-H. Cheng 133 20.000 5 May 01 20,133 Allowance for doubtful accounts Accounts receivable-H. Cheng 20,133 6 Jun 01 22,440 Cash Interest receivable Notes receivable-Tomas Co 440 22,000 ( H Cheng Note General Journal