Exercise $9-19($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 $$6,000,10\%,90-$day note in granting a time extension on the past$-$due account receivable

of Tomas Company.

March $17$ Accepted a $$21,000,30-$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.