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Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) Following are transactions of Danica Company Dec. 13 Accepted a $12,000, 45-day, 8 note in granting Miranda La tine extension on her past-duo account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 7-13 Notes receivable transactions LO P4 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. Accepted a 56,000, 6, 90-day note in granting a tine extension on the past.due account receivable of Tomas Company 17 Accepted a $4,000, 30-day, 109 note in granting H. Cheng a tine extension on his past-due account receivable. Apr. 16 . Cheng dishonored his note. May I wrote of the W. Cheng account against the Allowance for Doubtful Mccounts. June 1 Received the Tomas payment for principal and interest on the note dated March 3. es 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 H Cheng Note General Journal Complete the table to calculate the interest amounts Total Through Maturity Amount Acorued at December 31 Interest Recognized January 27 Principal Rate(%) Time Total interest Tomas Co Note > Required Information Use the following information for the Exercises below. The following information applies to the questions displayed below) Following are transactions of Danica Company Dee. 13 Accepted a $12,000, 45-day, 88 note in granting Miranda Lee a time extension on her past-don account receivable. 31 Prepared an adjusting entry to record the accrued Interest on the Lee note. Exercise 7-13 Notes receivable transactions LO P4 Jan. 27 Received Leon payment for principal and interest on the note dated December 13. Mar. Accepted a $6,000, 61, 90-day note in granting a time extension on the past-due account receivable of Tomas Company 17 Accepted a $4,000, 30-day, 108 note in granting u. Cheng a time extension on his past due account receivable. Apr. 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 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 H Cheng Note General Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Time Total Interest ! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Following are transactions of Danica Company Dec. 13 Accepted a $12,000, 45-day, 81 note in granting Miranda Lee time extension on her past due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 7-13 Notes receivable transactions LO P4 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. Accepted a $6,000, 60, 90-day note in granting a tine extension on the past-due account receivable of Tomas Company 17 Accepted a $4,000, 30-day, 108 note in granting . Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng 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 First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Time Tatal interest Tomas Co Note General Journal > Exercise 7-13 Notes receivable transactions LO P4 Jan. 27 Received the payment for principal and interest on the tite dated December 13. Mar. Accepted 06,900, 6, 90-tay note in granting time extension on the past due account receivable of TORS Company 17 Accepted a 14,000, 10-day. 105 note in granting . Chenge extension on hispantadue account receivable. Apr. 16 H. Cheng dishonored his note. Hay 1 Wrote of the l. Cheng account against the Allowance for Doubtful Accounts. June 1 heceived the Toms 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 Jour Use those calculated values to prepare your journal entries View transaction lit Journal entry worksheet Hele ercise 7-13 Notes receivable transactions LO P4 CH 27 Received Lonle payment for principal and Interest on the note dated December 13. 3 hocepted $6.000. 61. 90-day note in granting the extension on the past-due account receivable of Tones Company 17 Accepted a $4,000, 10-day, 108 note in granting H. Cheng a time extension on his past-due account receivable . 16. Cheng ishonored his note. my 1 wrote of the N. Cheng account against the Allowance for Doubtful Accounts me 1 Received the Tomas payment for principal and interest on the nete dated March 3. mplete the table to calculate the Interest amounts and use those calculated values to prepare your journal entries. (Do not round ermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Co Note M Cheng Note General Journal Ise those calculated values to prepare your journal entries. View transaction lit Journal entry worksheet 1 2 3 4 5 6 Accepted a $6,000, 6%, 90-day note in granting a time extension on the past due account receivable of Tomas Company. Noter Enterdenta before General Journal Debit Credit Mar 03 ele Exercise 7-13 Notes receivable transactions LO P4 Jan. 27 Received to payment for principal and interest on the note dated December 13. ME. 3 Accepted a $6.000. 61. 90. note in granting to extension on the past.de aceount receivable of Tous Company 17 Accepted a $4.000.30-day10 note in granting H. Cheng tension on his past du Act receivable. Apr. 16 . Cheng dishonored his note May 1 Wrote of the R. Cheng count against the Allowance for Datul Accounts June 1 Received the Tonas 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 Use those calculated values to prepare your journal entries. View transaction that Journal entry worksheet 2 3 4 5 6 > Accepted a 14,000, 30-day, 10% note in granting H. Cheng a time extension on his past due account receivable Note: Enter bittefor credit Date General Journal Data Crede Mar 17 of 11 !!! Help Exercise 7-13 Notes receivable transactions LO P4 Jan. 27 Received Lee's payment for principal and interest on the note dated December 11. r. Accepted . $4,000, , 30-day note in granting a tine extension on the past due account receivable of Tomas Company 11 Accepted 44,000. 30-day, 101 tote in granting M. Cheng a time extension on he past die ont receivable. Apr. 16 . Cheng dishonored his note. Kay I wrote of them. Chang account against the Allowance for Doubtful Accounts June 1 Received the Tome payment for principal and Interest on the note dated March 1. 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 General HCheng Note Journal Use those calculated values to prepare your journal entries View transactionat Journal entry worksheet 2 3 4 5 6 H. Cheng dishonored his note Et bare Danaral Journal Daba Credit Date Ar 10 Exercise 7-13 Notes receivable transactions LO P4 Jan. 29 Received Leer pynt for principal and interest on the note dated December 13. Mar. Accepted a $6.000, 1.0-day note in gratiae extension on the past due account receivable of Tomas company. 17 Acopted a 54,600, 30-day, 101 note in gratis change the extension on his past-due account receivable Ape. 16 #. Cheng dishonored to note. May 1 Wrota of the 1. Cheng Account against the Allowance for Doubtful Accounts June 1 Received the Tomas payment for principal and inteceat on the note dated March 1. 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 Use those calculated values to prepare your journal entries View transaction Journal entry worksheet Wrote off the H. Cheng account against the Allowance for Doubtful Accounts Beate Enter debts before credits General Journal Dell Credit Date May 01 Exercise 7-13 Notes receivable transactions LO P4 Jan. 27 Received Lee' payment for principal and interest on the note dated December 13. Mar. Accepted a 36.000, 60, 90-day nate in granting a time extension on the past-dan account receivable of Comas Company 17 Accepted a $4,000, 30-day, 100 bote in granting H. Cheng e cine extensions his part de cet receivable. Ape. 16 . Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounta. June 1 Received the Tomas payment for principal and Interest on the note dated March 1. 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 Use those calculated values to prepare your journal entries View transaction fist Journal entry worksheet