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Following are selected transactions of Danica Company for 2016 and 2017 2016 Dec. 13 Accepted...

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Accounting

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Following are selected transactions of Danica Company for 2016 and 2017 2016 Dec. 13 Accepted a $9,500, 45-day, 8% note dated December 13 n 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. 2017 Jan. 27 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 Tomas Company 17 Accepted . $2,e00, 30-day, 9% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable Apr. 16 H. Cheng dishonored his note when presented for payment 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 your intermediate calculations. Use 360 days a year.) Answer is not complete. Complete this question by entering your answers in the tabs below

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