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Exercise 7-15 Dishonoring a note LO P4 ok Following are transactions for Ridge Company. Mar. 21 Accepted a $11,200, 180-day, 8 note from Tamara Jackson

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Exercise 7-15 Dishonoring a note LO P4 ok Following are transactions for Ridge Company. Mar. 21 Accepted a $11,200, 180-day, 8 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.) + at nces Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at September 17. Total Through Maturity etto.meducation.com Ch7 HW Core Seved Help Save Submit 16 Check my work 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.) 07 oints eBook Complete this question by entering your answers in the tabs below. References Interest General Amounts Journal Complete the table to calculate the interest amounts at September 17, Total Through Maturity Principal Rate (96) Time Total interest General Journal > eBook Hint Accepted a $11,200, 180-day, 8% note from Tamara Jackson in granting a time extension on her past-due account receivable. Print nferences Note: Enter debits before credits. Date General Journal Debit Credit Mar 21 Record entry Clear entry View general journal eBook Jackson dishonored her note. Hint Print References Note: Enter debits before credits General Journal Debit Credit Date Sept 17 Record entry Clear entry View general Journal Mc Gew Hill

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