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Required information [The following information applies to the questions displayed below) Following are transactions of Danica Company Dec. 13 Accepted a $10,000, 45-day, 10% 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. Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $4,000, 104, 90-day note in granting a time extension on the past-due account receivable of Tomas Company. 17 Accepted a $2,000, 30-day, 109 note in granting H. Cheng a time extension on his past-due account receivable. Apr. 16 H. 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. (Do not round intermediate calculations. Use 360 days a year.) No Date General Journal Debit Credit 1 Jan 27 Cash 10,125 Interest receivable Blo Interest revenue Notes receivable-M. Lee 10,125 2 Mar 03 4,000 Notes receivable-Tomas Co Accounts receivable-- Tomas Co 4,000 0 3 Mar 17 o 2,000 Notes receivable-H. Cheng Accounts receivablo-H. Cheng 2,000 4 Apr 16 2,017 0 Accounts receivable-H. Cheng Interest revenue Notes receivable-H. Cheng 2,017 2,017 5 May 01 Allowance for doubtful accounts Accounts receivable-H. Cheng 2,017 6 Jun 01 0 Cash Interest revenue Notes receivable-Tomas Co

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