Check my work The following selected transactions are from Ohlm Company. (Use 360 days a year.) 2017 Dec. 16 Accepted a(n) $10,400, 60-day, 78 note dated this day in granting Danny Todd a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Todd note. 2018 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(n) $8,000, 78, 90-day note dated this day in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a(n) $3,500, 30-day, 78 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 78. Aug. 7 Accepted a(n) $8,350, 90-day, 128 note dated this day in granting a time extension on the past-due account receivable of Mulan Co. Sep. 3 Accepted a(n) $2,390, 60-day, 118 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. 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-a. Complete the table below to calculate the interest amount at December 31, 2017. 1-b. Use the calculated values from 1-a to prepare your journal entries for 2017 transactions. 1-c. Complete the table below to calculate the interest amounts. 1-d. Use the calculated values from 1-c to prepare your journal entries for 2017 transactions. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 10 Q Search ort ! # $ % A a 1-d. Use the calculated values from 1-C to prepare your jou transactions. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 1D Use the calculated values from 1-a to prepare your journal entries for 2017 transactions. View transaction list Journal entry worksheet MacBook Nov. Dec. 5 Received payment of principal plus interest from Mulan for the August 7 note. 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-a. Complete the table below to calculate the interest amount at December 31, 2017 1-b. Use the calculated values from 1-a to prepare your journal entries for 2017 transactions. 1-c. Complete the table below to calculate the interest amounts. 1-d. Use the calculated values from 1-c to prepare your journal entries for 2017 transactions. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 10 Complete the table below to calculate the Interest amounts. Principal Rate(%) Time Total interest Total Through Maturity Midnight Co. A. Privet Note N. Carson Note - March Midnight Co. - March 17, Mulan Note - Note - 2, 2018 Note - May 31, 2018 August 7, 2018 2018 September 3, 2018 $ 6,000 $ 3,500 s 8,350 $ 6,105 $ 2,390 7% 7% 12% 7% 11% 90/380 30/360 90/380 46/360 60/360 $ 105 s 20 $ 251s 54 $ (Required 18 Required 10 >
