Exercise 9 13 Notes receivable transactions LO C2 Following are selected transactions Dulcinea Company for 2012 Dec 13 Accepted a $19,000, 45 day, 9 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 First, complete the table below to calculate the interest amounts at December 31 st ( Do not round your intermediate calculations Use 360 days a year ) Use the calculated value to prepare your journal entries Hints References eBook Resources Hint 1 Check my work

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Question: Exercise 9-13 Notes receivable transactions LO C2 Following are selected transactions Dulcinea Company for 2012. Dec. 13 Accepted a $19,000, 45-day, 9% note dated December

Exercise 9-13 Notes receivable transactions LO C2

Following are selected transactions Dulcinea Company for 2012.

Dec.	13	Accepted a $19,000, 45-day, 9% 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.

First, complete the table below to calculate the interest amounts at December 31^st. (Do not round your intermediate calculations. Use 360 days a year.)

Use the calculated value to prepare your journal entries.

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