Exercise 7-11 Notes receivable transactions LO C2 Following are selected transactions of Danica Company for 2016 Ints Suped Dec. 1) 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. eBook Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) ferences Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31 Total Through Maturity interest Recognized December 31 Principal Rate(%) Time Total interest General Journal > Journal entry worksheet Record acceptance of a $20,000, 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 General Journal Debit Date Dec 13, 2016 TTI ITIN TUTTI IIIIII Record entry Clear entry View general journal