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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. Exercise 9-13 Notes receivable transactions LO P4 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $20,000, 108, 90-day note in granting a time extension on the past-duo account receivable of Tomas Company. 17 Necepted a $18,000, 30-day, 100 note in granting 1. Cheng a time extension on his past-due account receivable. Npr. 16 . Cheng dishonored his note. May 1 Wrote of the H. Cheng account against the Allowance for Doubtful Accounts. Jun 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 intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Tomas Cow M Lee Note Cheng Note General Journal Note MacBook Pro 6 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. General Journal Credit Debit 26,000 ME Record entry Clear entry View general journal MacBook Pro Journal entry worksheet MacBook Pro 3 4 5 6 Accepted a $18,000, 30-day, 10% note in granting H. Cheng a time extension on his past-due account receivable. Note: Enter debits before credits. Date General Journal Debit Credit Mar 17 Record entry Clear entry View general journal MacBook Pro View transaction list Journal entry worksheet ventry worksheet Journal entry worksheet

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