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Use the following information for the Exercises 1819 below. (Static) [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 1819 below. (Static) [The following information applies to the questions displayed below.] Following are transactions of Danica Company. December 13 Accopted a $9,500, 45-day, 88 note in granting Miranda lee a time extension on her past-due account receivable. December 31 Prepared an adjusting entry to record the accrued interent on the Lee note. Exercise 7-19 (Static) Notes receivable transactions LO P4 January 27 Received tae'n payane for prinoipal and intorost on the note dated beceinber 13. March 3 Mceepted a 55,000,100,90-day note in grantiny a time extension on the past-due account receivable of tomas Compnny March 17 Nocepted a 52,000,30-day, 98 note in granting H,cheng a time extenaion on his pait-due account recelvable. April i6 II. Cheng dishonored his note. May 1 Krote oft the Il. Cheng aecount againat the Allowance for Doubtifu Aceounce. 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 the table to calculate the interest amounts. (Round "Total interest" answers to nearest whole dollar.) First, complete the table below to calculate the interest amounts. (Round "Total interest" answer to nearest whole dollar.) Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. (Round "Total interest" answer to nearest whole dollar.) Use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest whole dollar.) Journal entry worksheet 23456 Recelved Lee's payment for principal and interest on the note dated December 13. Assume no reversing entries were prepared. Notey Enter debits before credits

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