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[The following information applies to the questions displayed below.) Following are transactions of Danica Company December 13 Accepted a $28,880, 45-day, 1ex note in granting

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[The following information applies to the questions displayed below.) Following are transactions of Danica Company December 13 Accepted a $28,880, 45-day, 1ex note in granting Miranda Lee a time extension on her past-due account receivable December 31 Prepared an adjusting entry to record the accrued interest on the lee note. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Complete the table to calculate the interest amounts at December 31st Total Through Interest Recognized Maturity December 31 Principal Rate (54) Time Total interest Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet Record acceptance of a $28,000, 45-day, 10% note in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits. General Journal Debit Credit Date December 13 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet Prepare an adjusting entry to record the accrued interest on the Lee note. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal

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