Question: Exercise 9 Notes receivable tran Lo P3 Following are selected transactions Dulcinea Company for 2012 and 2013. 2012 Dec. 13 a $12,000, 45 day, 10%

 Exercise 9 Notes receivable tran Lo P3 Following are selected transactions
Dulcinea Company for 2012 and 2013. 2012 Dec. 13 a $12,000, 45
day, 10% note dated December 13 in granting Miranda Lee a time

Exercise 9 Notes receivable tran Lo P3 Following are selected transactions Dulcinea Company for 2012 and 2013. 2012 Dec. 13 a $12,000, 45 day, 10% 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. 2013 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 03 Accepted a $5,000, 10%, 90-day note dated March 3 in granting a tme extension on the past due account receivable of Tomas Company 17 Accepted a $4,000, 30-day, 8% note dated March 17 in granting Hiroshi Cheng a time extension on his past due account receivable Apr. 16 Cheng dishonors his note when presented for payment. May 01 Wrote off the Cheng account against the Allowance for Doubtful Accounts. June 01 Received the Tomas payment for principal and interest on the note dated March 3. First, Complete the table below to calculate the interest amounts. (Do notround your intermediate calculations. Use 360 days a year.) M Lee Note Total Amount Interest through accrued at recognized maturity December 31 January 27 Principal Rate Total interest Type here to search

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