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The following selected transactions are from Ohlde Company: 2014 Dec. 16 Accepted a $15,000, 60-day, 8% note dated this day in granting Todd Duke a
The following selected transactions are from Ohlde Company: 2014 Dec. 16 Accepted a $15,000, 60-day, 8% note dated this day in granting Todd Duke a time extension on his past-due account receivable 31 Made an adjusting entry to record the accrued interest on the Duke note 2015 Feb. 14 Received Duke's payment of principal and interest on the note dated December 16 Mar. 2 Accepted an $6,200, 8%, 90-day note dated this day in granting a time extension on the past-due account receivable from Mare Co 17 Accepted a $2,500, 30-day, 7% note dated this day in granting Jolene Hala am a time extension on her past-due account receivable Apr. 16 Halaam dishonored her note when presented for payment. June 2 Mare Co. refuses to pay the note that was due to Ohlde Co. on May 31. Prepare the journal entry July 17 Received payment from Mare Co. for the maturity value of its dishonored note plus interest for 46 Aug. 7 Accepted an $7,750, 90-day, 9% note dated this day in granting a time extension on the past-due Sept. 3 Accepted a $3,960, 60-day, 12% note dated this day in granting Kevin York a time extension on to charge the dishonored note plus accrued interest to Mare Co.'s accounts receivable days beyond maturity at 8% account receivable of Birch and Byer Co his past-due account receivable Nov. 2 Received payment of principal plus interest from York for the September 3 note Nov. 5 Received payment of principal plus interest from Birch and Byer for the August 7 note Dec. 1 Wrote off the Jolene Halaam account against Allowance for Doubtful Accounts Required Prepare journal entries to record these transactions and events. (Use 360 days a year. Do not round intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$ sign in your response.) 2014 General Journal Debit Credit Dec. 16(Click to select) Click to select 31 (Click to select) Click to select 2015 General Journal Debit Credit Feb. 14 (Click to select) (Click to select) (Click to select) Click to select Mar. 2 (Click to select) Click to select) 17 (Click to select) Click to select) Apr. 16 (Click to select) (Click to select) Click to select June 2 (Click to select) (Click to select) Click to select) July 17 (Click to select) (Click to select) Click to select Aug. 7 (Click to select) Click to select) Sept. 3(Click to select 7 Click to select) Nov. 2 (Click to select) (Click to select) Click to select 5 (Click to select) (Click to select) Click to select) Dec. (Click to select) (Click to select)
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