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Use the following information for the Exercises 2021 below. [The following information applies to the questions displayed below.] Following are transactions of Danica Company. Decenber
Use the following information for the Exercises 2021 below. [The following information applies to the questions displayed below.] Following are transactions of Danica Company. Decenber 13 Accepted a $28,000,45day,10% 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 8-20 Notes receivable transactions LO6 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries (Do not round your intermediate calculations. Use 365 days o year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts at December 31st. Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 365 days a year.) Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your journal entries. Journal entry worksheet Record acceptance of a $28,000,45-day, 10% note in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits
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