Problem $9-5$A Analyzing and journalizing notes receivable transactions

The following transactions are from Ohlm Company.

Year $1$

Dec. $16$ Accepted a $$10,800,60-$day, $8\%$ note in granting Danny Todd a time extension on his past$-$due account receivable.

$31$ 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 $$6,100,8\%,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 $$7,440,90-$day, $10\%$ note in granting a time extension on the past$-$due account receivable of Mulan Co$.$

Sep. $3$ Accepted a $$2,100,60-$day, $10\%$ 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.

Check Feb. $14,$ Cr$.$ Interest Revenue, $$108$

May $31,Cr.$ Interest Revenue, $$122$

Nov. $2,$ Cr$.$ Interest Revenue, $$35$

Required

Prepare journal entries to record these transactions and events.

Analysis Component

$2.$ If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables?