Requlred Information Use the following information for the Exercises 1819 below. (Algo) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $24,000,45-day, 8% 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. Exercise 7-19 (Algo) Notes receivable transactions LO P4 January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $18,008,10%,90-day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $18,006,30-day, 6% note in granting H. Cheng a time extension on his past-due account receivable. April 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 joumal entries. (Do not round Intermedlate calculatlons. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts. Use the following information for the Exercises 1819 below. (Algo) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $24,000,45-day, 8% 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. Exercise 7-19 (Algo) Notes receivable transactions LO P4 January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $18,000,10%,90-day note in granting a time extension on the past-due account receivable of Tomas Company. Manch 17 Accepted a $18,000,30-day, 6% note in granting H. Cheng a time extension on his past-due account receivable. April 16H. 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 entrles. (Do not round Intermedlate calculatlons. Use 360 days a year.) Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. Use the following information for the Exercises 1819 below. (Algo) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $24,000,45-day, 8% 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. Exercise 7-19 (Algo) Notes receivable transactions LO P4 January 27 Received Lee's payment for principal and interest on the note dated December 13. March 3 Accepted a $18,006,10%,90-day note in granting a time extension on the past-due account receivable of Tomas Company. March 17 Accepted a $18,006,30-day, 6% note in granting H. Cheng a time extension on his past-due account receivable. April 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 entrles. (Do not round Intermedlate calculatlons. Use 360 days a year.) Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. Required information june 1 Keceivea tne lomas payment for principal ana interest on tne note aatea marcn s. Complete the table to calculate the interest amounts and use those calculated values to prepare your joumal entries. (Do not round Intermedlate calculatlons. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries. Journal entry worksheet Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries. Journal entry worksheet Accepted a $18,000,10%,90-day note in granting a time extension on the past-due account receivable of Tomas Company. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries. Journal entry worksheet Accepted a $18,000,30-day, 6% note in granting H. Cheng a time extension on his past-due account receivable. Note: Enter debits before credits. Required intormation June 1 Kecelved tne lomas payment tor princlpal ano interest on tne note aated marcn s. Complete the table to calculate the interest amounts and use those calculated values to prepare your joumal entries. (Do not round Intermedlate calculatlons. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries. Journal entry worksheet H. Cheng dishonored his note. Note: Enter debits before credts, Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries. Journal entry worksheet 6 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Note: Enter debits before credts. Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your journal entries. Journal entry worksheet 12345 Received the Tomas payment for principal and interest on the note dated March 3. Note: Enter debits before credits
