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Use the following information for the Exercises 1819 below. (Algo) [The following information applies to the questions displayed below] Following are transactions of Danica Company.
Use the following information for the Exercises 1819 below. (Algo) [The following information applies to the questions displayed below] Following are transactions of Danica Company. Decenber 13 Accepted a $10,000,45-day, 104 note in granting Miranda Lee a time extension on her past-due account receivable. Decenber 31 prepared an adjusting entry to record the accrued interest on the Lee note. Exercise 9-18 (Algo) Notes receivable transactions LO C2 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. Note: Do not round your intermediate calculations. Use 360 days a year. Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your joumal entries. Journal entry worksheet 2 Record acceptance of a $10,000,45-day, 10% note in granting Miranda Lee a time extension on her past-due account receivable. Notei Enter debls before cresta
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