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correct my answers please and make specific journal entries The follawing tranasctons are from Ohim Company. Note: Use 360 days a year. Year 1 Decenter
correct my answers please and make specific journal entries
The follawing tranasctons are from Ohim Company. Note: Use 360 days a year. Year 1 Decenter 16 Accopted a(n)$11,180,66day, st note fn granting Dinny Todd a tine extension on his parst-dae account rvceivable. Decenter 31 Made in adjusting entry to record the accorud finterest on the Todd note. Year 2 February 14 focceived Todd's payont of principal and Interest on the note dated Docesber 16. Comparry. Varch 17 Accopted a $3,86e, 30-day, 7 note in granting Awa Privot a tine extorision on hor past-due account roceivable. April 16 Privet distonorvd har note. May 31 Midnight Company dishorored its note. Compary. Nowimbir 2 focodved paymont of princlpal plus interest fron Carson for the Septortar 3 note. Docomber 1 wrote off the Privet account against the Allowance for Doutiful Accounts. Required: 1-a. Flrst, complete the table below to calculate the interest amount at December 31, Year 1 1-b. Uae the celculated value to prepore your journsi entries for Yeor 1 trsnasctiona. 1-c. Flist, complete the table below to csiculote the interest smounts. 1.d. Uas those calculated volues to prepore your Journal entries for Yeor 2 tranaoctions. 2 F Ohim pledged its recelvables ss security for s losn from the bonk, where on the finsncisl ststements does it diaclose thls pledge of recelvsber? Complete this question by entering your answers in the tabs below. First, complete the tabile belaw to calculste the interest amount at December 31, Vear 1. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. (Da not raund intermediate calculations.) Complete this question by entering your answers in the tabs below. Uae those calculsted values to prepare your joumal entries for Year 2 transactions. Journal entry worksheet Feceived Todd's payment af prindipsl and interest an the note dated December 16. Not: Entir dotiss bufare aridisStep by Step Solution
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