The following information applies to the questions displayed below.) 1 1. Following are transactions of Danica Company Dec. 13 Accepted a $20,000, 45-day, 9 note in granting Miranda Lee a tine extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 30 points Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $14,808, 64, 90-day note in granting a tine extension on the past-due account receivable of Tonas Company 17 Accepted a $12,000, 30-day, 84 note in granting H. Cheng a tine extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note. May 1 Wrote off the M. Cheng account against the Allowance for Doubtful 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.) Peint 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 Accrued at December 31 Interest Recognized January 27 Principal Rate () Time Total interest Tomase Note 1 Following are transactions of Danica Company Dec. 13 Accepted a $20,000, 45-day, 9 note 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. 30 Doints Jan. 27 Received Lee's paynent for principal and interest on the note dated December 13. Mar. 3 Accepted a $14,806, 64, 90-day note in granting a tine extension on the past-due account receivable of Tomas Company 17 Accepted a $12,080, 30-day, 8 note in granting H. 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 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) Print Complete this question by entering your answers in the tabs below. M Loe Note Tomas Co Note HCheng Note General Journal First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Time Total interest CM Lee Note HCheng Hote> 1 Following are transactions of Danica Company. Dec. 13 Accepted a $20,000, 45-day, 9% note in granting Miranda Lee a tine extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. D oints Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $14,800, 6, 90-day note in granting a tine extension on the past-due account receivable of Tonas Company . 17 Accepted a $12,800, 30-day, 84 note in granting H. 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) Print Complete this question by entering your answers in the tabs below. General Journal M Lee Note Tomas Co Note Cheng Note First, complete the table below to calculate the interest amounts. Total Through Maturity Principal Rate(%) Time Total interest General Journal receivable 31 Prepared an adjusting entry to record the accrued interest on the Lee note. D oints Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar . 3 Accepted a $14,800, 60, 90-day note in granting a time extension on the past-due account receivable of Tonas Company . 17 Accepted a $12,800, 30-day, 8% note in granting H. 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 paynent 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.) Print Juuri encry WURDHCEL 1 > 2 3 4 5 6 Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Note: Enter debits before credits General Journal Debit Credit Date Jan 27 Clear entry Record entry View general Journal receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. nits Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $14,800, 6, 98-day note in granting a time extension on the past-due account receivable of Tonas Company. 17 Accepted a $12,000, 30-day, 8 note in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 M. 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.) Print JUURI IL Y WERHL 1 Following are transactions of Danica Company. Dec. 13 Accepted a $20,000, 45-day, 9 note in granting Miranda Lee a tine extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. ants Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $14,890, 6, 90-day note in granting a tine extension on the past-due account receivable of Tonas Company. 17 Accepted a $12,000, 30-day, 8 note in granting H. Cheng a tine 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.) 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