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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.
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 Accepted a $9,500,45-day, 84 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 Decenber 13. March 3 Accepted a $5,000, 102, 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, 94 note in granting H. Cheng a time extension on his past-due account receivable. April 16A. 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 principat 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. Complete the table to calculate the interest amounts. (Round "Total interest" answers to nearest whole dollar) Exercise 7-19 (Static) Notes receivable transactions LO P4 January 27 Received Lee's payment for principat and interest on the note dated December 13. March 3 Accepted a $5,000, 104, 90-day note in granting a time extension on the past-due account receiva Company. March 17 Accepted a $2,008,30-day, 98 note in granting H. Cheng a time extension on his past-due account April 16H. 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. your intermediate calculations, Use 360 days a year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts. (Round "Total interest" answers to nearest whole dollar.) 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 55,068 , 168, 90-day note in granting a time extension on the past-due accoint receivable of Company. March 17 Accepted a $2,608, 30-day, 94 note in granting H. Cheng a time extension on his past-due account receiv: Aprit 16H. 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 principat and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your joumal entries. (Do not ro your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. First, complete the table below to caiculate the interest amounts. (Round "Total interest" answer to nearest whole dollar.) January 27 Received Lee's payment for principal and interest on the note doted Decenber 13. March 3 Accepted a $5,606,10%, 90-day note in granting a tine extension on the past-due account receivable of T company. March 17 Accepted a \$2,600, 36-day, 94 note in granting H. Cheng a tine extension on his past-due account receivat April 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubt ful Accounts. June 1 Received the Tomas payment for principat and interest on the note dated Mareh 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not rot your intermediate calculations. Use 360 days a year.) 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 doliar:) Use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest whole dollar:) Journal entry worksheet 56 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. Use those calculated values to prepare your fournal entries. (Do not rotind intermediate caliculations. Rvund fnal answers to near whole doliar.) Journal entry worksheet 56> Accepted a $5,000,10%,90-day note in granting a time extension on the past-due account recelvable of Tomas Company. Note: Enter debits before credits. Use those caiculated values to prepare your joumal entries. (Do not round intermediabe calculations. Round final answers to Whole dollar) Journal entry worksheet
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