i1 oints eBook Print References December 16 Accepted a(n) $12,200, 60-day, 9% note in granting Danny Todd a time extension on his past-due accou December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $6,200, 9%, 90-day note in granting a time extension on the past-due account receivabl Company. March 17 Accepted a $2,100, 30-day, 7% note in granting Ava Privet a time extension on her past-due account r April 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $7,100, 90-day, 10% note in granting a time extension on the past-due account receivab Company. September 3 Accepted a $2,270, 60-day, 9% note in granting Noah Carson a time extension on his past-due account November 2 Received payment of principal plus interest from Carson for the September 3 note. November 5 Received payment of principal plus interest from Mulan for the August 7 note. December 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-a. First, complete the table below to calculate the interest amount at December 31, Year 1. 1-b. Use the calculated value to prepare your journal entries for Year 1 transactions. 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare your journal entries for Year 2 transactions. 2. If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it dis of receivables? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 1D Required 2 thoco calculated values to prepare your journal entries for Year 2 transactions.

Decesber 16 Accepted a(n)$12,200,60-day, 9x note in granting Danny Todd a tine extension on bis past-due acco December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's payent of principal and Interest on the note dated Deceaber 16. Company. March 17 Accepted a \$2,100, 30-day, 7X note in granting Ava Privet a time extension on her past-due account Aprill 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) 57,100,90-doy, 10X nate in granting a time extension on the past-dur account recelvai commany. Septenber 3 Accepted o \$2,270, 60-day, 98 note in granting Hoah Corsan a time extension on his past-due account Novenber 2 Recelved payment of principal plus interest froa Carson for the septeber 1 note. Novenber 5 Received payment of principal plus interest from Mulan for the August 7 note. December 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-o. First, complete the table below to calculate the interest amount at December 31, Year 1. 1-b. Use the calculated value to prepare your journal entries for Year 1 transactions. 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare your journal entries for Year 2 transactions 2. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it dis of receivables? Complete this question by entering your answers in the tabs below. \begin{tabular}{|c|c|c|c|c|c|} \hline No & Date & General Journal & & Dehit & Crodit \\ \hline \multirow[t]{4}{*}{1} & February 14 & Cash & 0 & & \\ \hline & & Notes recelvable -0 . Todd & 0 & & \\ \hline & & Interest receivable & 0 & & \\ \hline & & Interest revenue & 0 & & \\ \hline \multirow[t]{2}{*}{2} & March 02 & Notes receivable-Midnight Company & 0 & 6.2000 & \\ \hline & & Accounts teceivable-Midnight Company & 0 & & 6,2000 \\ \hline \multirow[t]{3}{*}{3} & March 17 & Notes recelvable- A Privet & 0 & 2.1000 & \\ \hline & & Accounts receivable- A. Privet & 0 & & 2.1000 \\ \hline & &. & & & \\ \hline \multirow[t]{3}{*}{4} & April 16 & Accounts recelvable-A. Privet & 0 & & \\ \hline & & Notes recolvable- A. Privet & 0 & & \\ \hline & & Interast revenue & 0 & & \\ \hline \multirow[t]{3}{*}{5} & May 31 & Accounts recelvable-Midnight Company & 0 & & \\ \hline & & Notes recelvable-Midnight Cornpany & (2) & & \\ \hline & & Interest revenue & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{6} & August 07 & Notes recelvable-Mulan & 0 & 7,1000 & \\ \hline & & Accounts recelvabla-Mutan & 0 & & 7,1000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{7} & September 03 & Notes receivable- N Carson & & 22700 & \\ \hline & & Accounts receivablo- N. Carson & 0 & & 2.2700 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{ B } & November 02 & Cash & 0 & & \\ \hline & & Notes recelvable- N Carson & 0 & & \\ \hline \end{tabular}