Saved Following are selected transactions of Danica Company for 2017 and 2018. 2017 Dec. 13 Accepted a $10,000, 45-day, 6% note dated Decenber 13 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. 2018 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. 3 Accepted a $4,000, 8% , 90-day note dated March 3 in granting a tine extension on the past-due account receivable of Tomas Company. Mar. 17 Accepted a $2,000, 30-day, 8% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note when presented for payment. May June 1 Received the Tomas payment for principal and interest on the note dated March 3. 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate caiculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. General Journal Tomas Co Note H Cheng Note M Lee Note Complete the table to calculate the interest amounts. Interest Recognized January 27 Amount Accrued at December 31 Total Through Maturity Principal Rate (%) Time Total interest Tomas Co Note $2,800, 30-day, 8% note dated March 17 in grantir Apr. 16 H. Cheng dishonored his note when presented for payment. 1 Wrote off the H. Cheng account against the Allowance for Dou June 1 Received the Tomas payment for principal and interest on the May Complete the table to calculate the interest amounts and use those ca intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs belo General Journal Tomas Co Note H Cheng Note M Lee Note Complete the table to calculate the interest amounts. Total Through Maturity Principal Rate (%) Time Total interest H Chen
Tomas Co Note Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. 1 ece Accepted a $4,000, 8% , 90-day note dated March 3 in granting receivable of Tomas Company. 2 a time extension on the past-due account Accepted a $2,000, 30-day, 8% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable. H. Cheng dishonored his note when presented for payment. 4 Chenn arcount anainct tho AllnuAIanco for ACceptea a $4,000, 8%, yu-day note aatea marcn 3 in granting a time extension on the past-due account receivable of Tomas Company ec Accepted a $2,000, 30-day, 8% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable. 3 H. Cheng dishonored his note when presented for payment. 4 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Received the Tomas payment for principal and interest on the note dated March 3. 6 journal entry has been entered Note: View gene Clear entry Record entry