Question: Help please December 1 3 Accepted a $ 2 8 , 0 0 0 , 4 5 - day, 1 0 % note in granting

Help please December 13Accepted a $28,000,45-day, 10% note in granting Miranda Lee a time extension on her past-due account receivable. December 31Prepared an adjusting entry to record the accrued interest on the Lee note. January 27Received Lee's payment for principal and interest on the note dated December 13.March 3Accepted a $22,000,6%,90-day note in granting a time extension on the past-due account receivable of Tomas Company.March 17Accepted a $15,000,30-day, 8% note in granting H. Cheng a time extension on his past-due account receivable.April 16H. Cheng dishonored his note.May 1Wrote off the H. Cheng account against the Allowance for Doubtful Accounts.June 1Received the Tomas payment for principal and interest on the note dated March 3.\begin{tabular}{|c|c|c|c|}
\hline M Lee Note & Tomas Company Note & H Cheng Note & \begin{tabular}{l}
General \\
Journal
\end{tabular}\\
\hline
\end{tabular}
Complete the table to calculate the interest amounts.
\begin{tabular}{|l|l|c|c|}
\hline & \begin{tabular}{c}
Total Through \\
Maturity
\end{tabular} & \begin{tabular}{c}
Amount \\
Accrued at \\
December 31
\end{tabular} & \begin{tabular}{c}
Interest \\
Recognized \\
January 27
\end{tabular}\\
\hline Principal & & & \\
\hline Rate (\%) & & & \\
\hline Time & & & \\
\hline Total interest & & & \\
\hline
\end{tabular} January 27 Received Lee's payment for principal and interest on the note dated December 13.
March 3 Accepted a \(\$ 22,000,6\%\),90-day note in granting a time extension on the past-due account receivable of Tomas Company.
March 17 Accepted a \(\$ 15,000,30\)-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.
Help please December 1 3 Accepted a $ 2 8 , 0 0 0

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