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Please answer all, and I will thumbs you up!!! Deceaber 16 hccepted a(n)$14,000,60-day, 94 note in granting Danny Todd a time extension os his past-due
Please answer all, and I will thumbs you up!!! Deceaber 16 hccepted a(n)$14,000,60-day, 94 note in granting Danny Todd a time extension os his past-due account receivable. Deceaber 31 Mabe an odjusting entry to record the acerued interent on the rodd note. Year 2 February 14 Received Todd's payment of principal and taterest on the note dated Decenber i6. March 2 Accepted a(n) $6,800,96,90-day note in granting a time extension on the past-due account receivable froo Midnight ceapsar. Harch 17 Accepted a $2,600,30-day, 71 note in granting Ava Privet a time extension on her paat-due account receivable. Apri1 16 Drivet diabonored her note. May 31 Midnight Conpany dishonored its note. Auguat 7 Accepted a(n) $8,900, 90-day, 100 pote in granting a time extension on the past-due acoount receivable of Mulan Coinpany. Septenber 3 Accepted a 53,490,60-day, 11 note in granting Noah Carson a tine exteaaion on bis past-dun account receivable. Wovember 2 Received payment of prineipal plus interest from carson for the septerher 3 note. Woventher 5 Received paynent of principal plus interent from Aulan for the august 7 note. becember I. Wrote off the Privet account against the Allovance for poubtful 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 Your 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 Yoar 2 transactions, 2. If Ohlm pledged its receivables as security for a loan from the bonk, where on the financial statements does it disciose this pledge of recelvables? 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 disclose this 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 . Complete this question by entering your answers in the tabs below. Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculations.) Journal entry worksheet Accepted a $14,000,60-day, 9% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. 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 calculatio Journal entry worksheet Recelved Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. 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 receivables
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