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ID: 2514601 • Letter: S
Question
Student Home-MyScxO Registration Term x(DACCT1010101 Connex/?Connect tps://newconnect mheducation.com/flow connect htrml?isRege true&returnUrlshttps;%3A%2F%2F connect mheducation.com%2Fpaa M Passport Application C web%2Finde html% Saved Help Save & Exit Check my Exercise 9-11 Notes receivable transactions LO C2 Following are selected transactions of Danica Company for 2016 Dec. 13 Accepted a $9,500, 45-day, 8% 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 Complete the table to calculate the interest amounts at December 31st and use the calculated value to prepare your journal entries (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below Interest Amounts General Journal Complete the table to calculate the interest amounts at December 31st Interest Total Through Recognized MaturityDecember 31 Principal Rate (%) Time Total interest General Journal >Explanation / Answer
Complete table :
Total through maturity Interest recognized december 31 Principal 9500 9500 Rate 8% 8% Time 45/360 18/360 Total interest 95 38