Use the information in Exercise 16-7 to prepare the journal entries for Eagle to record the loan on January 1, 2010, and the four payments from December 31, 2010, through December 31, 2013. Use the following information from separate companies a through f to compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Prepare journal entries for the following selected transactions of Dulcinea Company. 2010 Dec. 13 Accepted a $9, 500, 60-day. 8% note dated December 13 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. 2011 Feb. 11 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000. 10 %. 90-day note dated March 3 in granting a time extension on the past-due account receivable of Tonus Company. 17 Accepted a $2,000. 30-day, 9% note dated March 17 in granting Hiroshi Cheng a time extension on his past-due account receivable. Apr. 16 Cheng dishonors his note when presented for payment. June 1 Received the Tomas payment for principal and interest on the note dated March 3. The following selected transactions are from Neil Martin Inc. 2010