journal entried for year 2 transactions

Journal entry worksheet Received Todd's payment of princlpal and interest on the note dated December 16. Note: Enter debits before credits. Journal entry worksheet Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. 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 Ohim pledged its recelvables as security for a loan from the bank, where on the financial statements does it disciose this pledge of receivables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amount at December 31 , Year 1. Problem 7-5A (Algo) Analyzing and journalizing notes receivable transactions LO C2, C3, P4 The following transactions are from Ohim Company. Note: Use 360 days a year. Year 1 December 16 Accepted a(n)$11,100,60-day, 91 note in granting Danny Todd a time extension on his past-due account receivable. Decenber 31 . Made an adjusting entry to record the scerued interest on the Todd note. Year 2 Tebruary 14 Received Todd's payment of prineipal and interest on the note dated December 16. March 2 Accepted a(n)$6,700,93,90-day note in granting a time extension on the past-due account receivable from Midnight Company. Mareh 17 Accepted a $2,200,30-day, 74 note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored ber note. May 31 Midnight Company dishonored its note. August 7 Aecepted a(n)57,200,90-day, 90 note in granting a time extenaion on the past-due account receivable of Mulan Company. September 3 Mccepted a $2,360,60-day, 91 note in granting Noah Carson a time extension on hin past-due account receivable. November 2 Received payment of principal plus interent from carson for the september 3 note. Novenber 5 Reeeived payment of principal plus interest from Malan for the Augunt 7 note. December 1 Wrote off the Privet account against the Allowance for Doubtful Accountil. 1-D. Use the caiculated value to prepare your journai enuts tor reat i transactions. 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare your joumal entries for Year 2 transactions. 2. If Ohim pledged its receivables as security for a loan from the pank, where on the financial statements does it disclose this pledge of receivables? Complete this question by entering your answers in the tabs below. If Ohim pledged its recelvables as security for a loan from the bank, where on the financial statements does it disclose this pledge of recelvables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. (Do not round intermediate calculations.) Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculations.) Journal entry worksheet 2 Accepted a $11,100,60-day, 9% note in granting Danny Todd a time extension on his pest-due account recelvable. Note: Enter debins before crodits