\begin{tabular}{|l|l|l|} \hline & \begin{tabular}{c} Total Through \\ Maturity \end{tabular} & \begin{tabular}{c} Interest \\ Recognized \\ December 31 \end{tabular} \\ \hline Principal & & \\ \hline Rate (\%) & & \\ \hline Time & & \\ \hline Total interest & & \\ \hline \end{tabular} Journal entry worksheet 4 7 8 9 10 Accepted a(n)$6,700,9%,90-day note in granting a time extension on the past-due account receivable from Midnight Company. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 1 6 10 Received payment of principal plus interest from Carson for the September 3 note. Note: Enter debits before credits. Journal entry worksheet Received payment of principal plus interest from Mulan for the August 7 note. Note: Enter debits before credits. Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credifs. Journal entry worksheet Accepted a(n)$3,200,30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Note: Enter debits before credits. Accepted a $12,800,60-day, 9% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. Decenber 16 Accepted a(n) $12,800,60-day, 94 note in granting Danny Todd a tine extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $6,700,98,90-day note in granting a time extension on the past-due account receivable from Midnight Company. March 17 Accepted a $3,200, 30-day, 7 note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $7,150,90-day, 12% note in granting a time extension on the past-due account receivable of Mulan Company. September 3 Accepted a $3,520, 60-day, 94 note in granting Noah Carson a tine extension on his past-due account receivable. November 2 Received payment of principat plus interest from Carson for the Septeeber 3 note. November 5 Received payment of principal plus interest from Mulan for the August 7 note. December 1 Vrote off the Privet account against the Allowance for Doubtful Accounts. 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. If Ohim pledged its recelvables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? Journal entry worksheet Accepted a(n) $3,520,60-day, 9% note in granting Noah Carson a time extension on his past-due account receivable. Note: Enter debits before credits. Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet 1 8 Wrote off the Privet account against the Allowance for Doubtful Accounts. Note: Enter debits before credits. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of recelvables? \begin{tabular}{|l|l|c|c|c|} \hline & \begin{tabular}{c} Midnight \\ Company Note \\ - March 2, Year \\ A. Privet Note \\ - March 17, \\ Year 2 \end{tabular} & \begin{tabular}{c} Mulan Note - \\ Aftgust 7, Year \end{tabular} & \begin{tabular}{c} N. Carson \\ Note - \\ September 3, \\ 2017 \end{tabular} \\ \hline Principal & & & & \\ \hline Rate (\%) & & & & \\ \hline Time & & & & \\ \hline Total interest & & & & \\ \hline \end{tabular} Journal entry worksheet Accepted a(n) $7,150,90-day, 12% note in granting a time extension on the past-due account receivable of Mulan Company. Note: Enter debits before credits
