please help confused on how interest is achieved

Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicato completion. Return to question 1 Problem 7.5A Analyzing and journalizing notes receivable transactions LO C2, C3, P4 The following transactions are from Ohm Company. (Use 360 days a year) Year 1 Dec. 16 Accepted a $10,800, 60-day, note in granting Danny Todd tine extension on his past-dut account recevante 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2. Accepted a 56,100, BV, 90-day note in granting a time extension on the past-due account receivable from Midnight Co 17 Accepted a $2,400, 30-day, 7 note in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. Aug. 7 Accepted a $7,440, 98-day, 1e note in granting a time extension on the past-due account receivable of Mulan Co. Sep. 3 Accepted a $2,100, 60-day, 104 note in granting Noah Carson a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Carson for the September 3 note. Nov. 5 Received payment of principal plus interest from Mulan for the August 7 note. Dec. 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 -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 disclose this pledge of receivables? TO WHTI corred or incorrect for the work you have completed so far, it does not indicate completion 4 Return to question Answer is not complete Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1cRequired 1D Required 2 Use the calculated value to prepare your journal entries for Year 1 transactions. No Dato General Journal Dobi Credit Chapter 7:7-2A to 7.5A Help Save & Exh Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion 4 Return to question 1-5. 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 disclose this pledge of receivables? 5 pat Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required 18 Required 1C Required 10 Required 2 If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? The plado fcelva is shown in the