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super lost, thank hou for the help in advance!!! Required information The following information applies to the questions displayed below.) Following are transactions of Danica

super lost, thank hou for the help in advance!!! image text in transcribed
Required information The following information applies to the questions displayed below.) Following are transactions of Danica Company Dec. 13 accepted a $25,000, 45-day, 9 note in granting Miranda Lee time extension on her past due sccount 31 Prepared an adjusting entry to record the accrued interest on the lee note Jan. 27 Received Lee's payment for principal and interest on the note dated December 13 Mar. Accepted . $19,000, 10%, 90-day note in granting a time extension on the past due account receivable of Tomas Company, Accepted $17,000. 30-day, 6 note in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. Chene dishonored his note May 1 wrote off the #. 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 entries. (Do not round Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Co Note HCheng Note General Journal Complete the table to calculate the interest amounts. Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal

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