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Use the following Information for the Exercises 17-18 below. (Algo) (The following information applies to the questions displayed below) Following are transactions of Danica Company.

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Use the following Information for the Exercises 17-18 below. (Algo) (The following information applies to the questions displayed below) Following are transactions of Danica Company. Dec. 13 Acopted a $18.000, 45-day, 4% note in granting Miranda Lee a time extention on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 7-18 (Algo) Notes receivable transactions LO P4 Jan. 27 Received Loo's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $12,000, 10% 90-day note in granting a time extension on the past-duo account receivable of Tomas Company 17 Accepted a $12.000, 30-day, 10% note in granting H Cheng a time extension on his pastdue nocount receivable Apr. 16 H. Cheng dishonored his note. May Wrote of the Cheng account against the Allowance for Doubtful Accounts. Juno Received the Tomas payment for principal and interest on the note duted March 3. Complete the table to calculate the Interest amounts and use those calculated values to prepare your journal entries. (Do not 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 Accrued at December 31 Interest Recognized January 27 Principal Rate(%) Time Total interest Tomas Co Note >

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