December $13$ Accepted a $$16,000,45-$day, $2\%$ note in granting Miranda Lee a time extension on her past$-$due account receivable.

Decembe'r $31$ Prepared an adjusting entry to record the accrued interest on the Lee note.

Exercise $7-19($Algo$)$ Notes receivable transactions LO P$4$

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

March $3$ Accepted a $$10,000,10\%,90-$day note in granting a time extension on the past$-$due account receivable of Tomas Company.

March $17$ Accepted a $$15,000,30-$day, $8\%$ note in granting H$.$ Cheng a time extension on his past$-$due account receivable.

April $16$ 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.

Note: Do not round intermediate calculations. Use $360$ days a year.

Complete this question by entering your answers in the tabs below.

M Lee Note

Tomas

Company Note

H Cheng Note

General

First, complete the table below to calculate the interest amounts.

Total Through

Maturity

Prev

$10$

of $12$

Next

@

$2$

$3$

$

$\%$

$5$

$6$

$7$

$8$

A

$S$

D

G

$H$

J

${}^{-}$

$$

tion

command