Question: Exercise 9-11 Notes receivable transactions LO C2 Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted a $17,000, 45-day, 6% note dated
Exercise 9-11 Notes receivable transactions LO C2 Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted a $17,000, 45-day, 6% note dated Decenter 13 in granting Miranda Lee a time extension on her due account receivable. past- 31 Prepared an adjusting entry to record the accrued interest on the Lee note. 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. Complete this question by entering your answers in the tabs below. Interest General Amounts ournal Complete the table to calculate the interest amounts at December 31st t amounts at December 31 t Interest Total Through Recognized Maturity December 31 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal ent Do not round your intermediate calculations. Use 360 days a year) Complete this question by entering your answers in the tabs below. Interestournal Amounts General Print Complete the table to calculate the interest amounts at December 31 eferences Total Through Recognized MaturityDecember 31 Principal Rate (%) Time Total interest General Journal View transaction list Journal entry worksheet Record acceptance of a $17,000, 45-day, 6% note dated December 13 in anting Miranda Lee a time extension on her past-due account receivable Note: Enter debits before credits. Date General Journal Debit Credit Dec 13, 2016 Journal entry worksheet Prepare an adjisting entry to record the accrued interest on the Lee note. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2016 Record entry Clear entry View general journal
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