Compute the maturity date, interest at maturity, maturity value and accrued interest for the following Notes Receivable. Prepare journal entries for the issuance of the Note Receivable, accrued interest and payment at maturity. Year End - December 31, 2016 90 Day Note Receivable issued for $15,000 on December 1, 2016 at 12% interest 60 Day Note Receivable issued for $11,000 on November 3, 2016 at 6.5% interest - 90 Day Note Receivable issued for $23,000 on December 16, 2016 at 9% interest Year End - June 30, 2016 - 90 Day Note Receivable issued for $120,000 on May 3, 2016 at 12% interest - 60 Day Note Receivable issued for $64,000 on May 16, 2016 at 13% interest 90 Day Note Receivable issued for $60,000 on May 31, 2016 at 11% interest Year End - August 31, 2016 - 90 Day Note Receivable issued for $180,000 on July 2, 2016 at 12% interest 60 Day Note Receivable issued for $96,000 on July 15, 2016 at 13% interest - 90 Day Note Receivable issued for $90,000 on July 30, 2016 at 11% interest Compute the maturity date, interest at maturity and maturity value for the following Notes Receivable: - 120 Day Note Receivable issued for $34,000 on July 7, 2016 at 8% interest - 90 Day Note Receivable issued for $20,000 on August 25, 2016 at 9% interest 90 Day Note Receivable issued for $18,000 on February 15, 2016 at 10% interest - 90 Day Note Receivable issued for $15,000 on December 1, 2016 at 12% interest - 60 Day Note Receivable issued for $2,400 on January 5, 2016 at 10% interest 60 Day Note Receivable issued for $1,500 on March 9, 2016 at 12% interest Problem 7-5A Analyzing and journalizing notes receivable transactions c2 @c3 P40 The following transactions are from Ohlm Company. Year 1 Dec. 16 Accepted a $10,800, 60-day, 8% note 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. Year 2 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Check Feb. 14. Cr. Interest Revenue 100 Mar. 2 Accepted a $6,100,8%, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a $2,400, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. May 31, Interest Revenue. $122 Aug. 7 Accepted a $7,440,90-day, 10% note in granting a time extension on the past-due account receivable of Mulan Co. 3 Accepted a $2,100, 60-day, 10% note 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. 2. C. Interest Revenue $35 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. Sep Required 1. Prepare journal entries to record these transactions and events. Analysis Component 2. If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? Compute the maturity date, interest at maturity, maturity value and accrued interest for the following Notes Receivable. Prepare journal entries for the issuance of the Note Receivable, accrued interest and payment at maturity. Year End - December 31, 2016 90 Day Note Receivable issued for $15,000 on December 1, 2016 at 12% interest 60 Day Note Receivable issued for $11,000 on November 3, 2016 at 6.5% interest - 90 Day Note Receivable issued for $23,000 on December 16, 2016 at 9% interest Year End - June 30, 2016 - 90 Day Note Receivable issued for $120,000 on May 3, 2016 at 12% interest - 60 Day Note Receivable issued for $64,000 on May 16, 2016 at 13% interest 90 Day Note Receivable issued for $60,000 on May 31, 2016 at 11% interest Year End - August 31, 2016 - 90 Day Note Receivable issued for $180,000 on July 2, 2016 at 12% interest 60 Day Note Receivable issued for $96,000 on July 15, 2016 at 13% interest - 90 Day Note Receivable issued for $90,000 on July 30, 2016 at 11% interest Compute the maturity date, interest at maturity and maturity value for the following Notes Receivable: - 120 Day Note Receivable issued for $34,000 on July 7, 2016 at 8% interest - 90 Day Note Receivable issued for $20,000 on August 25, 2016 at 9% interest 90 Day Note Receivable issued for $18,000 on February 15, 2016 at 10% interest - 90 Day Note Receivable issued for $15,000 on December 1, 2016 at 12% interest - 60 Day Note Receivable issued for $2,400 on January 5, 2016 at 10% interest 60 Day Note Receivable issued for $1,500 on March 9, 2016 at 12% interest Problem 7-5A Analyzing and journalizing notes receivable transactions c2 @c3 P40 The following transactions are from Ohlm Company. Year 1 Dec. 16 Accepted a $10,800, 60-day, 8% note 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. Year 2 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Check Feb. 14. Cr. Interest Revenue 100 Mar. 2 Accepted a $6,100,8%, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a $2,400, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. May 31, Interest Revenue. $122 Aug. 7 Accepted a $7,440,90-day, 10% note in granting a time extension on the past-due account receivable of Mulan Co. 3 Accepted a $2,100, 60-day, 10% note 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. 2. C. Interest Revenue $35 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. Sep Required 1. Prepare journal entries to record these transactions and events. Analysis Component 2. If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables