Exercise $7-18($Static$)$ Notes receivable transactions LO C$2$

Complete the table to calculate the Interest amounts at December ${31}^{st}$ and use the calculated value to prepare your journal entrles.

Note: Do not round your Intermedlate calculations. Round "Total Interest" answers to nearest whole dollars. Use $360$ days a year.

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

Interest

General

Amounts

Journal

Complete the table to calculate the interest amounts at December ${31}^{st}.$Use the calculated value to prepare your journal entries.

Journal entry worksheet

Record acceptance of a $$9,500,45-$day, $8\%$ note in granting Miranda Lee a

time extension on her past$-$due account receivable.

Note: Enter debits before credits.