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plz help with both Exercise 9-21 (Algo) Dishonoring a note LO P4 Following are transactions for Ridge Company, March 21 Accepted $10,300, 189-day, 10% note
plz help with both
Exercise 9-21 (Algo) Dishonoring a note LO P4 Following are transactions for Ridge Company, March 21 Accepted $10,300, 189-day, 10% note from Tamara Jackson in granting a time extension on her past-due account receivable. September 17 Jackson dishonored her note. December 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year) counts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Complete the table to calculate the interest amounts at September 17, Total Through Maturity Principal Rate(%) Time Total interest General Journal > Interest Amounts General Journal Use the calculated value to prepare your journal entries. View transaction list Journal entry worksheet 1 2 3 Accepted a $10,300, 180-day, 10% note from Tamara Jackson in granting a time extension on her past-due account receivable. Note: Enter debits before credits. General Journal Debit Credit Date March 21 Record entry Clear entry View general journal Step by Step Solution
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