The following selected transactions are from Ohim Company. (Use 360 days a year.) 2016 Dec. 16 Accepted a $12,100, 60-day, 91 note dated this day in granting Danny Todd a time extension on his past due nccount receivable, 31 Made an adjusting entry to record the accrued interest on the Todd note. 2017 Feb. 14 Received Todd' payment of principal and interest on the note dated December 16. Mar. 2 Accepted ain) $7,700, 91, 90-day note dated this day in granting a tine extension on the past-due account receivable from Midnight Co. 17 Accepted ain) $3,700, 30-day, 7 note dated this day in granting ava Privet a tine extension on ber past-due account receivable. Apr. 16 Privet dishonored her note when presented for payment. May 31 Midnight co refused to pay the note that was due to ohlm Co. on May 31. Prepare the journal entry to charge the dishonored note plus accrued interest to Midnight Co.'s accounts receivable July 16 Received payment from Midnight Co. for the maturity value of its dishonored note plus interest for 46 days beyond maturity at 9 Aug. 7 Accepted an $7,050, 90 day. 109 note dated this day in granting a time extension on the past due account receivable of Malan co. Sep. Accepted ain) 53,230, 60-day, 1 note dated this day in granting Noah Carson a time extension on his past-due account receivable. Noy. 2 Received paynent 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 Deo. 1 Wrote of the Privet account against the allowance for Doubtful Account Required: 1-a. First, complete the table below to calculate the interest amount at December 31, 2016 1-b. Use the calculated value to prepare your journal entries for 2016 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 2017 transactions Yur 1-a. First, complete the table below to calculate the interest amount at December 31, 2016. 1-b. Use the calculated value to prepare your journal entries for 2016 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 2017 transactions. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 10 Required 1D First, complete the table below to calculate the interest amount at December 31, 2016. Total Through Maturity Interest Recognized December 31 Principal Rate (%) Time Total Interest Required 18 > View transaction ist Journal entry worksheet 2 1 Accepted a $12,100, 60-day, 9% note dated this day in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. Date General Journal Dobit Credit Dec 16 Record entry Clear entry View general journal Midnight Co. Note - March 2, 2017 Total Through Maturity A. Privet Note Midnight Co - March 17, Mulan Noto - Note - May 31, 2017 August 7, 2017 2017 N. Carson Noto - September 3, 2017 Principal Rate(%) Time Total interest
