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Following are transactions for Ridge Company. March 2 1 Accepted a $ 1 6 , 1 0 0 , 1 8 0 - day, 8
Following are transactions for Ridge Company.
March Accepted a $day, note from Tamara Jackson in granting a time extension on her pastdue
account receivable.
September Jackson dishonored her note.
December 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 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 days a year.
Complete this question by entering your answers in the tabs below.
Interest
General
Amounts
Journal
References
Complete the table to calculate the interest amounts at September
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