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please help!! December 16 Accepted a $10,800,60-day, 8 note in granting Danny Todd a time extension on his past-due account receivable. December 31 Made an
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December 16 Accepted a $10,800,60-day, 8 note in granting Danny Todd a time extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Teceived Todd'n payment of principal and interest on the note dated December 16. March 2 Accepted a $6,100,80,90-day note in granting a time extension on the past-due account receivable trom Midnight Company Mareh 17 hecepted a $2,400,30-day, 71 note in granting ava Privet a time extension on her past-due account receivable. Apri1. 16 Privet dishonored her note. May 31 Midnight Copany dinhonored its note. August 7 Accepted a $7,440,90-day, 10 note in granting a time extenaion on the past-due account receivable of Kulan Company September 3 Accepted a $2,100,60day,108 note in granting Noab Carson a titre extension on hid past-doe accoant receivable. November 2. Received payment of principal plun interest fron Carpon for the Septenber 3 note. November 5 leceived paynent of principal plua interest from Mulan for the kagust 7 note. Decenber I Wrote oft the Privet account against the Nllowance for Doubtful Accounts. Here are tho balances in Accounts and Notes recelvable based on your joumal entries: Here are the balances in Accounts and Notes recelvable based on your journal entries: Ohlm Company Calculation of interest revenue February 14 - Todd Step by Step Solution
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