s The following transactions are from Ohlm Company. (Use 360 days a year.) Year 1 Dec. 16 Accepted a $14, 700, 60-day, 9% 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(n) $7, 300, 9%, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a(n) $2,200, 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(n) $8, 300, 90-day, 11% note in granting a time extension on the past-due acco receivable of Mulan Co. 3 Accepted a(n) $3,470, 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. Wrote off the Privet account against 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 receivables? Sep 1 Complete this question by entering your answers in the tabs below. Required Required Required Required Required 1A 1B 1C 1D 2 First, complete the table below to calculate the interest amount at December 31, Year 1. Total Interest Through Recognized December Maturity 31 Principal Rate(%) Time Total interest Required 1A Required 1B > Complete this question by entering your answers in the tabs below. Required Required Required Required Required 1A 1B 1C 1D 2 Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 Accepted a $14,700, 60-day, 9% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. Date General Journal Dec 16 Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. 1A 1B 1D Required Required Required Required Required 1C 2 First, complete the table below to calculate the interest amounts. (Do not round intermediate calculations.) Total Through Maturity Midnight A. Privet Mulan N. Carson Co. Note Note - Note - Note - March 2, March 17, August 7, September Year 2 Year 2 Year 2 3, 2017 Principal Rate (%) Time Total interest Complete this question by entering your answers in the tabs below. Required Required Required Required Required 1B 1C 2 Use those calculated values to prepare your journal entries for Year 2 transactions. 1A 10 View transaction list 7 Journal entry worksheet Complete this question by entering your answers in the tabs below. 2. Required Required Required Required Required 1A 1B 1C 10 Use those calculated values to prepare your journal entries for Year 2 transactions. View transaction list X 10 > on the 2 Accepted a(n) $7,300,9%, 90-day note in granting a time extension on the past- due account receivable from Midnight Co. 3 Accepted a(n) $2,200, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. 4 Privet dishonored her note. 5 Midnight Co. dishonored its note. 6 Accepted a(n) $8,300, 90-day, 11% note in granting a time extension on the past- due account receivable of Mulan Co. Note : = journal entry has been entered Record entry Clear entry Credit View general journal Complete this question by entering your answers in the tabs below. 1A Required Required Required Required Required 1B 1C 1D 2 Use those calculated values to prepare your journal entries for Year 2 transactions. View transaction list X 10 > on the Credit 7 Accepted a(n) $3,470, 60-day, 10% note in granting Noah Carson a time extension on his past-due account receivable. 8 Received payment of principal plus interest from Carson for the September 3 note. 9 Received payment of principal plus interest from Mulan for the August 7 note. 10 Wrote off the Privet account against the Allowance for Doubtful Accounts. Note := journal entry has been entered Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. 1C Required Required Required Required Required 1A 1B 1D 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? The pledge of receivables is shown in the Income statement Financial statement footnotes Balance Sheet