Ch 7 Help Save&Exilt Submit Check my 4 The following selected transactions are from Ohlm Company. (Use 360 days a year) 2016 Dec. 16 Accepted $10,800, 60-day. 8 note dated this day in gresting Danny Todd tine estension on his paat- 1 Kade an adjusting entry to record the aeerued intereat on the Todd note. Teb. 14 Received Todd's payment of prinoipal and interest on the note dated Decenber 16 ) s7,200, 8%. 90-day tote dated this day in granting a tine extension on the past-due acoount trom Hidaight Co 17 hecepted ain S3,400, 30-day, 7% note dated this day in granting Ava Privet a tie extension on her past-due pr. i6 Privet dishonored ber note when presented for payment May 31 Midnight Co. retased to pay the note that vas due to ohia Co. on May 31. Prepare the journal estry to eharge th dishonored note plus acerved interest to Midnight Co,'accounts receivable July 16 Received payment from kidnight Co. for the maturity valoe of ite diahotored sote plus iaterest for 46 days ug Accepted a(n) 8.150, 90-day, 10s note dated this day in grasting a time extensien on the past-due acoount Sep. 3 Accepted a(n) $3,540, 60-day, note dated this day in grasting Noah Carsona tine extension oa his past-due beyond maturity at Now. 2 Received payment of prineipal plus isterest fron Carson for the Septenber 3 note Now- 5 Received payment of prineipal plun isterest from Malan for the kagust 7 sore. Dee. 1 rote off the Privet account gainst the Allowance tar Doubtful heeounts Required 1-a. First, complete the table below to calculate the interest amount at December 31, 2016. 1-b. Use the calculated value to prepare your journal entries for 2016 transactions 1-G. First, complete the table below to calculate the interest amounts 1-d. Use those calculated values to prepare your journal entries for 2017 transactions Complete this question by entering your answers in the tabs belo Prev4f4Next 20 Du bo 8