Use the following information for the Exercises $20-21$ below.

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$[$The following information applies to the questions displayed below.$]$

Following are transactions of Danica Company.

December $13$ Accepted a $$28,000,45-$day, $8\%$ note in granting Miranda Lee a time extension on her past$-$due account receivable.

December $31$ Prepared an adjusting entry to record the accrued interest on the Lee note.

Exercise $8-21$ Notes receivable transactions LO$6$

January $27$ Received Lee's payment for principal and interest on the note dated December $13.$

March $3$ Accepted a $$22,000,8\%,90-$day note in granting a time extension on the past$-$due account receivable of Tomas Company.

March $17$ Accepted a $$21,000,30-$day, $10\%$ note in granting H$.$ Cheng a time extension on his past$-$due account receivable.

April $16$ H$.$ Cheng dishonoured 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 $365$ days a year.$)$