Question: Accepted a $25,000, 45-day, 10% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting

Accepted a $25,000, 45-day, 10% note dated December 13 in granting

Accepted a $25,000, 45-day, 10% 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. First, complete the table below to calculate the interest amounts at December 31^st

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