Problem

The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 Decerber 16 Accepted a(n) $13,590,60-day, 6 note in granting Oanny rodd a tiane extension on his past-due account receivable. Decenber 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's paynent of principal and interest on the note dated Decenber 16. March 2 Accepted a(n) 56,600,68,90-day note in granting a time extension on the past-due account receivable frca uidnight March 17 Accepted a $3,36e,30-day, 78 note in granting Ava Privet a tine extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight conoany dishonored its note. August 7 Accepted a(n) $8,400,90day,9x note in granting a time extension on the bast-due account recelvable of kulan company. September 3 Accepted a $2,500, 6e-day, 9x note in granting woah Carson a time extension on his past-due account receivable. November 2 received paynent of principal plus interest fron Carson for the september 3 note. Novenber 5 Received payment of principal plus interest fron Mulan for the August 7 note. December 1 wrote off the Privet account against the Allowance for ooubtful Accounts. Required: 1.e. 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 entrles 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 entrles 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 recetvables? 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 calculations.) 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 . Journal entry worksheet Accepted a $13,500,60-day, 6% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. Journal entry worksheet Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. Journal entry worksheet 78910 Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits