Check my work 1 The following selected transactions are from Ohlm Company. 10 points 31 eBook Print References 2016 Dec. 16 Accepted a $10, 800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable. Made an adjusting entry to record the accrued interest on the Todd note. 2017 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $6,100, 8%, 90-day note dated this day in granting a time extension on the past-due account receivable from Midnight co. 17 Accepted a $2,400, 30-day, 7% note dated this day in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note when presented for payment. May 31 Midnight Co. refused to pay the note that was due to ohlm Co. on May 31. Prepare the journal entry to charge the dishonored note plus accrued interest to Midnight Co.'s accounts receivable. July 16 Received payment from Midnight Co. for the maturity value of its dishonored note plus interest for 46 days beyond maturity at 8%. 7 Accepted a $7,450, 90-day, 10% note dated this day in granting a time extension on the past-due account receivable of Mulan Co. Sep. 3 Accepted a $2,100, 60-day, 10% note dated this day in granting Noah Carson a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Carson for the September 3 note. Nov. 5 Received payment of principal plus interest from Mulan for the August 7 note. Dec. Wrote off the Privet account against the Allowance for Doubtful Accounts. Aug. 1 Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Check my work 1 General Ledger Account Cash Account receivable - Other No. Date Debit Credit Balance No. Date Debit Credit 10 points Balance 37,500 25,164 Dec 31 Dec 31 Feb 14 1 10,944 36,108 eBook Accounts receivable - Midnight Co. Print Accounts receivable - N. Carson Date Debit Credit No. No. Date Debit Credit Balance 2,100 Balance 6.100 References Dec 31 Accounts receivable - Mulan Accounts receivable - A. Privet No. Date Debit Credit No. Date Debit Credit Balance Balance 7,450 Dec 31 2,400 Notes receivable - D. Todd Debit Credit No. Allowance for doubtful accounts Date Debit Credit Dec 31 No. Date Balance 3,500 Balance 10,800 1 Feb 14 10.800 0 Interest receivable Merchandise inventory Check my IT 1 14,uuu 1 Interest receivable Merchandise inventory No. Date Debit Credit No. Debit Credit Balance 36 Date Dec 31 Balance 5,000 10 points Dec 31 Feb 14 1 36 0 Common stock eBook Retained earnings Debit Credit No. Date Debit Credit No. Date Print Balance 30,000 Balance 63,050 Dec 31 Dec 31 References Interest revenue No. Date Debit Credit Balance 0 Dec 31 Feb 14 1 108 108 Check my work 1 Requirement General Journal General Ledger Trial Balance Schedule of Calculation of Receivables Interest Ohlm Company Trial Balance 10 points December 01, 2017 Account Title Debit Credit eBook $ $ 36,108 37,500 2.100 Print References 6.100 7,450 2,400 Cash Account receivable - Other Accounts receivable - N. Carson Accounts receivable - Midnight Co. Accounts receivable - Mulan Accounts receivable - A. Privet Allowance for doubtful accounts Merchandise inventory Common stock Retained earnings Interest revenue Total 3,500 5,000 30,000 63,050 108 96,658 $ 96,658 $ Check my work 1 Requirement General Journal General Ledger Trial Balance Schedule of Calculation of Receivables Interest Here are the balances in Accounts and Notes receivable based on your journal entries: Dates: Jan 01 to: Dec 31 10 points Ohlm Co. eBook 2,100 6.100 Print Schedule of Accounts Receivable Accounts receivable - N. Carson $ Accounts receivable - Midnight Co. Accounts receivable - Mulan Accounts receivable - A. Privet * Total accounts receivable $ 7.450 References 2,400 18,050 Ohlm Co. Schedule of Notes Receivable Total accounts receivable $ 0 Check my work 1 Dates: Jan 01 to: Dec 31 Ohlm Co. 10 points Calculation of interest revenue February 14 - Todd note: Principal Interest rate Number of days' interest to be recorded in 2017 eBook Print References Number of days' interest to be recorded in 2017 Principal Interest rate Number of days' interest to be recorded in 2017 Check my work 1 Number of days' interest to be recorded in 2017 10 points Number of days' interest to be recorded in 2017 eBook Print References Number of days' interest to be recorded in 2017 Number of days' interest to be recorded in 2017 Total interest revenue - $