t The following transactions are from Ohlm Company. First, complete the table below to calculate the interest amount at December $31,$ Year $1.1$ Accepted a $$12,600,60-$day, $7\%$ note in granting Danny

Todd a time extension on his past$-$due account

receivable.

$2$ Made an adjusting entry to record the accrued interest on

the Todd note.

Note : $=$ journal entry has been entered Required $1$ A

Required $1$B

Required $1$C

Required $1$D

Required $2$

First, complete the table below to calculate the interest amounts. $($Do not round intermediate calculations.$)$

$\backslash$table$[[,$Total Through Maturity$],[,\backslash$table$[[$Midnight$],[$Company Note$],[-$ March $2,$ Year$],[2]],\backslash$table$[[$A$.$ Privet Note$],[-$ March $17,],[$Year $2]],\backslash$table$[[$Mulan Note $-],[$August $7,$ Year$],[2]],\backslash$table$[[$N$.$ Carson$],[$Note $-],[$September $3,],[2017]]],[$Principal$,,,,],[$Rate $(\%),,,,],[$Time$,,,,],[$Total interest,,,,$]]$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

Note: Use $360$ days a year.

Year $1$

December $16$ Accepted $a(n)$$$12,600,60-$day, $7\%$ note in granting Danny Todd a time extension on his past$-$due account receivable.

December $31$ Made an adjusting entry to record the accrued interest on the Todd note.

Year $2$

February $14$ Received Todd's payment of principal and interest on the note dated December $16.$

March $2$ Accepted $a(n)$$$6,400,7\%,90-$day note in granting a time extension on the past$-$due account receivable from Midnight

Company.

March $17$ Accepted a $$2,800,30-$day, $7\%$ note in granting Ava Privet a time extension on her past$-$due account receivable.

April $16$ Privet dishonored her note.

May $31$ Midnight Company dishonored its note.

August $7$ Accepted a$($n$)$ $$7,650,90-$day, $11\%$ note in granting a time extension on the past$-$due account receivable of Mulan

Company.

September $3$ Accepted a $$2,890,60-$day, $12\%$ note in granting Noah Carson a time extension on his past$-$due account receivable.

November $2$ Received payment of principal plus interest from Carson for the September $3$ note.

November $5$ Received payment of principal plus interest from Mulan for the August $7$ note.

December $1$ 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.

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?

D$1$:

$1.)$ Received Todd$$s payment of principal and interest on the note dated December $16.$

$2.)$Accepted a$($n$)$ $$6,400,7\%,90-$day note in granting a time extension on the past$-$due account receivable from Midnight Company.

$3.)$Accepted a$($n$)$ $$2,800,30-$day, $7\%$ note in granting Ava Privet a time extension on her past$-$due account receivable.

$4.)$Privet dishonored her note.

$5.)$Midnight Company dishonored its note.

$6.)$Accepted a$($n$)$ $$7,650,90-$day, $11\%$ note in granting a time extension on the past$-$due account receivable of Mulan Company.

$7.)$Accepted a$($n$)$ $$2,890,60-$day, $12\%$ 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.