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Exercise 7-11 Notes receivable transactions LO C2 Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted a $19,000, 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. (Do not round your intermediate calculations. 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 31st Interest Total Through Maturity Recognized December Principal Rate(%) Time Total interest General Journal > Exercise 7-11 Notes receivable transactions LO C2 Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted a $19,000, 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. (Do not round your intermediate calculations. Use 360 days a year) Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet 12 Record acceptance of a $19,000, 45-day, 7% note dated December 13 in granting Miranda Lee a time extension on her past-due account receivable. Note: Enter debits before credits. Date General Journal Dec 13 2016 Debit Credit Record entry Clear entry View general journal