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Use the following Information for the Exerclses $18-19$ below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Following are transactions of Danica Company.

December $13$ Accepted a $$22,060,45-$day, $4\%$ note in granting Miranda Lee a time extension on her past$-$due account

receivable.

December $31$ Prepared an adjusting entry to record the accrued interest on the Lee note.

Exerclse $7-18($Algo$)$ Notes recelvable transactions LO C$2$

Complete the table to calculate the interest amounts at December ${31}^{st}$ and use the calculated value to prepare your journal entrles.

Note: Do not round your intermedlate calculations. Use $360$ days a year.

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Interest

Amounts

Complete the table to calculate the interest amounts at December ${31}^{st}.$