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6 The following transactions are from Ohlm Company. (Use 360 days a year) Year 1 Dec. 16 Accepted ain) $11,400, 6oday, I note in granting

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6 The following transactions are from Ohlm Company. (Use 360 days a year) Year 1 Dec. 16 Accepted ain) $11,400, 6oday, I note in granting Danny Todd att extension on ha pat-dun uccount receivable. 31 Made an adjusting entry to record the served interest on the Todd note. Year 2 Feb. 14 Received Todd payment of prineipal and Interest on the note dated December 16. Mar. 2 Accepted ain) 57.100, 85, 90-day note in granting a tle extension on the past de secount receivable from Midnight Co. 12 Accepted $3,000 20 day? note in ranting Ava Privet extension on her pastdun treenivable Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. Aug. 7 Accepted ain) $7.250, 90-day, 121 note in granting time extension on the past due account recevable of mutan Co. Sep. Accepted a $2,510, 60-day, 11 note in granting Noah Careon time extension on hie peste controvable Nov. 2 Received payment of principal plus interest fron Carson for the September ) nota. Nov.eceived payment of principal plus interest fron Mulan for the use note Dec. Wrote of the Privet account against the Allowance for Doubtful Account 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? Complete this question by entering your answers in the tabs below. Required 1A Required 16 Required 2 Required 1C Required 10 66 Next

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