The following are selected transactions of Danica Company for 2017 and 2018. 2017 13 Accepted $10,000, 45-day, 8% note dated December 13 in granting Miranda Lee a time extension on her past-due Dec account receivable. 31 Prepared to adjust entry to record the accrued interest on the Lee notes an 2018 27 Received Lee's payment for principal and interest on the note dated December 13 …
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