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Exercise 9-14 Dishonoring a note LO P4 Following are selected transactions for Ridge Company Mar. 21 Accepted a $13,500, 180-day, 12% note dated March 21
Exercise 9-14 Dishonoring a note LO P4 Following are selected transactions for Ridge Company Mar. 21 Accepted a $13,500, 180-day, 12% note dated March 21 from Tamara Jackson in granting a tine extension on her past-due Sept. 17 Jackson dishonored her note when it is presented for payment Dec. 31 After exhausting all legel means of collection, Ridge Company wrote off Jackson's account ageinst the Allowance for account receivable Doubtful Accounts. ok Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries (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 Complete the table to calculate the interest amounts at September 17 Total Through Maturity Principal Rate (%) Time Total interest General Journal )
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