Question: Need help with general journal Ch 9 GHA Help Save & Exit S Check my 7 10 Required information The following information applies to the

Ch 9 GHA Help Save & Exit S Check my 7 10 Required information The following information applies to the questions displayed below) Following are transactions of Danica Company Dec. 13 Accepted a $9,500, 45day, I note in granting Miranda leo a time extension on her past-due sccount receivable. 3. Prepared an adjusting entry to record the red interest on the Lee note. Jan. 27 Received to payment for principal and interest on the note dated December 13. Mar. 3 Accepted 15,000, 105, day note in granting a time extension on the past due account receivable of Tomas Company . 17 Accepted a 13.000, 30-day, note in granting #. Chenga in extension on his post de account receivable. Apt. 16 II. Chang dishonored his note. May 1 Wote of the Cheng account against the Allowance for Doubtful necounts June 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. (Do not round your intermedinte calculations. Use 360 days a year) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Co General Note HCheng Note Journal Use those calculated values to prepare your journal entries. View transaction ist Required information M Lee Note Tomas Co Note H Cheng Note General Journal Use those calculated values to prepare your journal entries. View transaction list Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
