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[The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $26,000,45-day, 41 note in granting Miranda

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[The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accepted a $26,000,45-day, 41 note in granting Miranda Lee a tine extension on her past-due account receivable. Decenber 31 Prepared an adjusting entry to record the acerued interest on the Lee note. January 27 Received Lee's paynent for prineipal and interest on the note dated Decenber 13. March a Accepted a $20,000,6r,90-day note in granting a tiee extension on the past-due account receivable of Tomas Company. March 17 Accepted a $15,000,30-day, 8t note in qranting H. Cheng a time extension on his pant-due account receivable, April 16 Hecepted a cheng diahonored his note. May I Wrote oft the H. Cheng account against the Allouance for Doubtful Accounts. June 1 lleceived the Tonas payment for prineipal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journd entries. (Do not round intermediate calculations. Use 360 days a year.) Complete the table to calculate the interest amounts. First, complete the table below to calculate the interest amounts. First, complete the table below to calculate the interest amounts. Use those calculated values to prepare your journal entries. Journal entry worksheet 2266 Received Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared

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