questions are under "required" please
Problem 7-5A (Algo) Analyzing and journalizing notes receivable transactions LO C2, C3, P4 The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 December 16 Accepted a(n) $14,400,60-day, 71 note in qranting Danny Todd a time extension on his past-due accoun December 31 Made an adjusting entry to record the acerued interest on the Todd note. Year 2 February 14 Received Todd' n payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $7,600,71,90-day note in granting a time extension on the past-due account receivable March 27 Midnight Company; March 17 Accepted a $2,500,30-day, 71 note in granting Ava Privet a time extenaion on her past-due account April 16 privet dishonored her note. May 31 Midnight Company dinhonored its note. Aagust 7 Accepted a(n)$8,150,90-day, 111 note in qranting a time extension on the past-due account receivable Mulan Company. Septesber 3 Accepted a $2,360,60-day, 111 note in granting Noah Carson a time extension on his past-due account receivable. November 2 Received payment of principal plua interest from Carson for the september 3 note. Noveaber 5 Received payment of prineipal plue interest from Mulan for the Auguat 7 note. December 1 wrote off the Privet account againnt the Allowance for Doubtful Accounts. Required: 1-a. 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 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 journal entries for Year 2 transactions: 2. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of recelvables? Complete this question by entering your answers in the tabs below. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables