Exercise $9-21($Algo$)$ Dishonoring a note LO P$4$

Following are transactions for Ridge Company.

March $21$ Accepted a $$17,800,180-$day, $8\%$ note from Tamara Jackson in granting a time extension on her past$-$due account receivable.

September $17$ Jackson dishonored her note.

December $31$ 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. Note: 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

Use the calculated value to prepare your journal entries.

$1$ Accepted a $$17,800,180-$day, $8\%$ note from Tamara Jackson in granting a time extension on her past$-$due account receivable.

$2$ Jackson dishonored her note.

$3$ After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts.

Credit

Note : $=$ journal entry has been entered

Interest Amounts