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se those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Accepted a(n)$3,500,60-day, 12% note in granting Noah Carson a time extension on his past-due account receivable. Note: Enter debits before credits. Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 1234567 Received payment of principal plus interest from Mulan for the August 7 note. Note: Enter debits before credits. Journal entry worksheet Accepted a $12,000,60-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 calculatic Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 5 7 B 9 10 Accepted a(n)$7,650,90-day, 12% note in granting a time extension on the past-due account receivable of Mulan Company. Note: Enter debits before credits. The following transactions are from OhIm Company. (Use 360 doys o yeor.) Year 1 Decenber 16 Accepted a(0)$12,000,60-day, 9x note in srantine Oanny Todd a tine extension on his past-due account receivable. Decenber 31 Made an adjusting entry to record the ascrued interest on the Todd note. Yeor 2 February 14 Heceived Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $7,509, 95, 99-day note in franting a tiee extension on the past-due account receivable froe Midnight Coopany. March 17 Accepted a 33,400 , Je-day, 78 note in grantine Ava Privet a tiee extension on her past-due account receivable. Aperil 16 Privet dithonored her note. May 31: Midnight Company dishonored its note. August 7 Accepted af n ) 57,650 , 90-day, 12x note in granting a tine extension on the past-due account receivable of thatan Company. September 3 Accepted a 33,509 , 60-day, 128 note in granting Woah Carson a time extenston on his past-due account receivableNovember 2 Recefved paysent of principal plus interest from Carson for the septeaber 3 note. Novenber 5 feceived payment of principal plus interest froe Mulan for the August 7 note. Decenber 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1.0. First, complete the table below to calculate the interest amount at December 31, Year 1. 1b. 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 joumal 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 disclose this pledge of recelvables? Jse those calculated values to prepare your journal entries for Year 2 transactions. Note: Enter debits before credits: Use those calculated values to prepare your foumal entries for Year 2 transactions. Journal entry worksheet 1234567 Received payment of principal plus interest from Carson for the September 3 note. Note: Enter debits before credits Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Accepted a(n)$7,500,9%,90-day note in granting a time extension on the past-due account receivable from Midnight Company. Note: Enter debits before credits. Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 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 amount at December 31 , Year 1. 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? Jse those calculated values to prepare your journal entries for Year 2 transactions. Accepted a(n)$3,400,30-day, 7% note in granting Ava Privet a time extension on her past-due account recelvable. Note: Enter debits before credits. Ise those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Wrote off the Privet account against the Allowance for Doubtful Accounts. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Jse those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 8 10 Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculations.) Journal entry worksheet Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. se those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Accepted a(n)$3,500,60-day, 12% note in granting Noah Carson a time extension on his past-due account receivable. Note: Enter debits before credits. Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 1234567 Received payment of principal plus interest from Mulan for the August 7 note. Note: Enter debits before credits. Journal entry worksheet Accepted a $12,000,60-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 calculatic Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 5 7 B 9 10 Accepted a(n)$7,650,90-day, 12% note in granting a time extension on the past-due account receivable of Mulan Company. Note: Enter debits before credits. The following transactions are from OhIm Company. (Use 360 doys o yeor.) Year 1 Decenber 16 Accepted a(0)$12,000,60-day, 9x note in srantine Oanny Todd a tine extension on his past-due account receivable. Decenber 31 Made an adjusting entry to record the ascrued interest on the Todd note. Yeor 2 February 14 Heceived Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $7,509, 95, 99-day note in franting a tiee extension on the past-due account receivable froe Midnight Coopany. March 17 Accepted a 33,400 , Je-day, 78 note in grantine Ava Privet a tiee extension on her past-due account receivable. Aperil 16 Privet dithonored her note. May 31: Midnight Company dishonored its note. August 7 Accepted af n ) 57,650 , 90-day, 12x note in granting a tine extension on the past-due account receivable of thatan Company. September 3 Accepted a 33,509 , 60-day, 128 note in granting Woah Carson a time extenston on his past-due account receivableNovember 2 Recefved paysent of principal plus interest from Carson for the septeaber 3 note. Novenber 5 feceived payment of principal plus interest froe Mulan for the August 7 note. Decenber 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1.0. First, complete the table below to calculate the interest amount at December 31, Year 1. 1b. 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 joumal 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 disclose this pledge of recelvables? Jse those calculated values to prepare your journal entries for Year 2 transactions. Note: Enter debits before credits: Use those calculated values to prepare your foumal entries for Year 2 transactions. Journal entry worksheet 1234567 Received payment of principal plus interest from Carson for the September 3 note. Note: Enter debits before credits Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Accepted a(n)$7,500,9%,90-day note in granting a time extension on the past-due account receivable from Midnight Company. Note: Enter debits before credits. Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 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 amount at December 31 , Year 1. 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? Jse those calculated values to prepare your journal entries for Year 2 transactions. Accepted a(n)$3,400,30-day, 7% note in granting Ava Privet a time extension on her past-due account recelvable. Note: Enter debits before credits. Ise those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Wrote off the Privet account against the Allowance for Doubtful Accounts. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Jse those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet 8 10 Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculations.) Journal entry worksheet Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits
