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Exercise 7-15 Dishonoring a note LO P4 Following are transactions for Ridge Company Mar. 21 Accepted a $4,800, 180-day, 10% note from Tamara Jackson in

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Exercise 7-15 Dishonoring a note LO P4 Following are transactions for Ridge Company Mar. 21 Accepted a $4,800, 180-day, 10% note from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Serences Complete the table to calculate the interest amounts at September 17. Total Through Maturity Principal Rate(%) Time Total Interest Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet 23 Accepted a $4,800, 180-day, 10% note from Tamara Jackson in granting a time extension on her past-due account receivable. Note: Enter debits before credits. Credit Date Mar 21 General Journal Debit O RBALARDAN ANNON Record entry Clear entry View general journal Interest Amounts General Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet Jackson dishonored her note. Note: Enter debits before credits. General Journal Debit Credit Date Sept 17 MUUT 2323 ASUNT Record entry Clear entry View general journal

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