Question: dec 13 accepted a 20,000 ,45 day ,7 % note dated December 13 in granting miranda Lee a time extension on her past due account

dec 13 accepted a 20,000 ,45 day ,7 % 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 complete the table to calculate the interest amounts at december 31 and use the calculated value to prepare your journal entries.

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