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4 Year 1 Dec. 16 Accepted a $14,700, 60-day, 9 note in granting Danny Todd a tine extension on his past-due account receivable. 31 Made

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4 Year 1 Dec. 16 Accepted a $14,700, 60-day, 9 note in granting Danny Todd a tine extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Todd note. Mar Year 2 reb. 14 Received Toddto payment of principal and interest on the note dated December 16. 2. Accepted ain) $7,400, 91, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 accepted (0) $2,700, 30-day, 7t nekte in granting Ava Privet a time extension on her past-dae account receivable. Apr. 16 Privet dishonored her note. 31 Midnight Co. dishonored its note. Mag. Accepted an) 58,200, 90-day. t note in granting a time extension on the past-due account receivable of Malan Bep. 3 Accepted a[n) 13,590, 40-day, 11 note in granting Noah Cared a time extension on his past-dan account receivable. 2 Received payment of principal plus interest free Carson for the September 3 note. Nov. 5 Received payment of principal plus interest from Malan for the August 7 note. Dec. 1 wrote of the privet account against the Allowance for Doubtful Accounta. Required: 1-a. First, complete the table below to calculate the interest amount at December 31, Year 1 1-b. Use the calculated value to prepare your journal entries for Year 1 transactions. 1-c. First, complete the table below to calculate the interest amounts 1-d. Use those calculated values to prepare your journal entries for Year 2 transactions 2. Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? Nov. 1 2 3 4 5 6 9 10 Received payment of principal plus interest from Carson for the September 3 note. Note: Enter debits before credits. Date General Journal Debit Credit Nov 02 Journal entry worksheet 1 2 3 4 5 6 9 10 Received payment of principal plus interest from Carson for the September 3 note. Note: Enter debits before credits. Date General Journal Debit Credit Nov 02 Journal entry worksheet

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