Fogmework $1$

Serve

Year $1$

Decrahe $36$ Accepted aln$)$ $$12,602,5b-dy,64$ nate in pranting Dainy Todd a tine extension on his past$-$die occaunt recrivable$-$

December $31$ Mace an adjusting entry to record the accried interest on the Tod note.

Year $2$

Febonary $14$ Received Tedd's paynett of pfifclpal ard interrst on the nate dated Decerber $26.$

March $2$ focepted ala$)$ $$5,400,$ TA$,$ so$-$toy rote in Iraiting a tied extension on the past$-$tur accoant recelvable from Mitnight Canposy:

Warch $17$ Rccepted a $$3,160,30-$day, $74$ nate in graming fua Pfivet a tied extension on ter past$-$dum account recrivazis.

Aoral $16$ Privet oisisimores har rote.

Niy $31$ Mideight Comany dishonared its note. Rular Congary,

Septemer $3$ Arcepted a $$5,218,6$a$-$dey, $216$ nate in granting Mas carsen a time extensien an his past$-$fue accaunt recelvable. recred

Novemer $2$ Recivaved pagnent af princjpal ghis lntertst fran Carsen far the September $3$ able.

Decenber $1$ Nrote al$1$ the Privet acckunt agairdt the RLtovance far foustful Accounta.

Required:

$1$a$.$ First comclate the table belsew to caloulate $1$re intertat arnaunt at December $31,$ heor $1$

fe$.$ Fick. comp eos the tatio below po caloulgie the intosest amburns.

$1-$d$.$ Use those celculaled wa ues to prople your joLmal e$-$tilas far Yeoc $2$ trancactiofa.

$2.$ Chim piedged is lecemables as sacuity fara loon fom $1$he bark, whme on the filanclal statements does it daciove this pledge ef receritios?

Complete this questien ly entering your answers in the taba baisw.