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 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 Ohlm pledged its recelvables as securlty for a loan from the bank, where on the financlal statements does it disclose this pledge

of recelvables?

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 $1.$