Use the following information for the Exercises 18-19 below. (Static) Following are transactions of Danica Company.

December 13	Accepted a $9,500, 45-day, 8% 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.

Exercise 7-19 (Static) Notes receivable transactions LO P4

January 27	Received Lee's payment for principal and interest on the note dated December 13.
March 3	Accepted a $5,000, 10%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company.
March 17	Accepted a $2,000, 30-day, 9% note in granting H.Cheng a time extension on his past-due account receivable.
April 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 your intermediate calculations. Use 360 days a year.)

Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal Complete the table to calculate the interest amounts. (Round "Total interest" answers to nearest whole dollar.) Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate (%) Time Total interest Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal First, complete the table below to calculate the interest amounts. (Round "Total interest" answer to nearest whole dollar.) Total Through Maturity Principal Rate (%) Time Total interest Complete this question by entering your answers in the tabs below. M Lee Note Tomas Company Note H Cheng Note General Journal First, complete the table below to calculate the interest amounts. (Round "Total interest" answer to nearest whole dollar.) Total Through Maturity Principal Rate(%) Time Total interest Tomas M Lee Note H Cheng Note General Journal Company Note Use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest whole dollar.) View transaction list Journal entry worksheet 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. Date General Journal Debit Credit January 27 Record entry Clear entry View general journal