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Following are transactions for Ridge Company. March 21 Accepted a $18,000,180-day, 11% note from Tamara Jackson in granting a time extension on her past-due account
Following are transactions for Ridge Company. March 21 Accepted a $18,000,180-day, 11\% 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. (Do not round intermediate calculations. Round your final answers ro nearest whole dollar. Use 365 days a year.) Complete this question by entering your answers in the tabs below. Complete the table to calculate the interest amounts at September 17. Use the calculated value to prepare your journal entries. Journal entry worksheet Accepted a $18,000,180-day, 11% note from Tamara Jackson in granting a time extension on her past-due account receivable. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Note: Enter debits before credits
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