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Saved Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted $16,e00, 45-day, 8% note dated December 13 in granting Miranda Lee a

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Saved Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted $16,e00, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on a her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Complete the table to calculate the interest amounts at December 31 and use the calculated value to prepare your journal entries (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 at December 31" Complete the table to calculate the interest amou nts Interest Total Through Recognized December 31 Maturity 16,000 S 8% 45/360 16,000 Principal 8% Rate (%) 18/306 Time Total interest General Journal

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