Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. (Do not round intermediate calculations.) Ise those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculations.) Journal entry worksheet Accepted a $13,500,60-day, 7% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. 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 receivables as security for a loan from the bank, where on the financial statements does it disciose this pledg of receivables? Complete this question by entering your answers in the tabs below. If Ohim pledged its recelvables as security for a loan from the bank, where on the financlat statements does it disclose this pledge of recelvables? 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 disciose this pledge of recelvables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amount at December 31 , Year 1. The following transactions are from Ohim Company. Note: Use 360 days a year. Year 1 December 16 Accepted a(n)$13,500,60day,78 note in granting Danny Todd a time extension on his past-due account receivable. Decenber 31 Made an adjusting entry to record the accrued interent on the Todd note. Year 2 February 14 fieceived Todd't payment of prineipal and interont on the note dated December 16. March 2 Accepted a(b) $6,300,76,90-day note in granting a time extension on the past-due account receivable from Midnight Company. March 17 Accepted a $2,400,30-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 ita note. August 7 Accepted a(n)58,400,90-day, 100 note in granting a time extension on the past-due account recelvable of Mulan Company. fleptember 3 Accepted a $2,900,60-day, 106 note in granting Woah carnon a tine extension on his pant-due account recelvable. November 2 Received payment of principal plun interest fron Carson for the september 3 note. November 5 Received payment of principal plus interest fron Malan for the Nugust? note. December 1 Wrote 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 Ohlm pledged its recelvables 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
