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Use the following information for the Exercises $20-21$ below.

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Following are transactions of Danica Company.

December $13$ Accepted a $$16,000,45-$day, $6\%$ note in granting Miranda Lee a time extension on her past$-$due account receivable.

December $31$ Prepared an adjusting entry to record the accrued interest on the Lee note.

Exercise $8-20$ Notes receivable transactions LO$6$

Complete the table to calculate the interest amounts at December $31$st and use the calculated value to prepare your journal entries. $($Do not round your intermediate calculations. Use $365$ days a year.$)$

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