Notes Receivable Saved 7 Exercise 9-12 Notes receivable transactions LO P4 Following are selected transactions of Danica Company for 2016 and 2017 2016 Dec. 13 Accepted a $9,500, 45-day, 8% note dated December 13 in granting Miranda Lee a time polnts extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the tee note. eBook Hint Print References 2017 Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar 3 Accepted a $5,000, 108, 90-day note dated March 3 in granting a time extension on the past due account receivable of Tomas Company 17 Accepted a $2,000, 30-day, 9% note dated March 17 in granting H. Cheng a time extension on his past-due account receivable. r. 16 H. Cheng dishonored his note when presented for payment. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. Ap ch 3. June 1 Receiv ed the Tomas payment for principal and interest on the note dated Mar Complete the table to calculate the interest amount your intermediate calculations. Use 360 days a year.) s and use those calculated values to prepare your journal entries. (Do not round the table to calculate the interest amounts and use those calculated values to prepare your journal entries Complete this question by entering your answers in the tabs below. General Tomas Co H Cheng Note Journal M Lee Note Note Complete the table to calculate the interest amounts Mc Gran HiII here to search