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Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Following are transactions of Danica Company. Dec. 13

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Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Following are transactions of Danica Company. Dec. 13 Accepted a $26,000, 45-day, 98 note in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. ercise 9-12 Notes receivable transactions LO C2 amplete the table to calculate the interest amounts at December 315 and use the calculated value to prepare your journal entrie not round your Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Use the calculated value to prepare your journal entries. View transaction list Prey 1 2 of 4 !!! Next > MacBook Pro Journal entry worksheet int Record acceptance of a $26,000, 45-day, 9% note in granting Miranda Lee a time extension on her past-due account receivable. Tint ences Note: Enter debits before credits Date Dec 13 General Journal Notes receivable M. Lee Credit Debit 26,000 26,000 Record entry Clear entry View general journal 12 of 4 Next > MacBook Pro Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal enta (Do not round your Intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31 Principal Rate(%) Time Total interest Total Through Maturity $ 26,000 9% 45/360 293 Interest Recognized December 31 $ 26,000 9% 18/360 $ 117 General Journal > 12 of 4 Next > MacBook Pro

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