The following selected transactions are from Ohlm Company. (Use 360 days a year.) 2017 Dec. 16 Accepted ain) $13,400, 60-day, 8 note dated this day 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. 2018 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted ain) $7.200, 89, 90-day note dated this day in granting a time extension on the past de account receivable from Midnight Co. 17 Accepted ain) $3,200, 30-day, 7 note dated this day in granting Ava Privet a time extension on her past-doe Apr. 16 Privet dishonored her note when presented for payment May 31 Midnight Co. refused to pay the note that was due to his 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 B Aug. 7 Accepted an) 50.600, 90-day, 11t note dated this day in granting a time extension on the past due sccount Teceivable of Malan Co. Sep. Accepted ain) $2,520, 60-day, 109 note dated this day in granting Noah Carson a time extension on this past due Cont Teceivable No. 2 Received payment of principal plus interest from Carson for the September J note. 5 Received payment of principal plus interest from Mulan for the August 7 note. 1 Wrote of the Privet account against the Allowance for Doubtful Accounts Required: 1-a. Complete the table below to calculate the interest amount at December 31, 2017 1-b. Use the calculated values from 1-a to prepare your journal entries for 2017 transactions. 1-c. Complete the table below to calculate the interest amounts. 1-d. Use the calculated values from 1-c to prepare your journal entries for 2017 transactions. Complete this question by entering your answers in the tabs below. Required 1A Required 16 Required IC Required 10 Complete the table below to calculate the interest amount at December 31, 2017 9 ERTY The following selected transactions are from Ohlm Company. (Use 360 days a year.) 2017 Dec. 16 Accepted ain) $13,400, 60-day, 8 note dated this day 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. 2018 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted ain) $7.200, 89, 90-day note dated this day in granting a time extension on the past de account receivable from Midnight Co. 17 Accepted ain) $3,200, 30-day, 7 note dated this day in granting Ava Privet a time extension on her past-doe Apr. 16 Privet dishonored her note when presented for payment May 31 Midnight Co. refused to pay the note that was due to his 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 B Aug. 7 Accepted an) 50.600, 90-day, 11t note dated this day in granting a time extension on the past due sccount Teceivable of Malan Co. Sep. Accepted ain) $2,520, 60-day, 109 note dated this day in granting Noah Carson a time extension on this past due Cont Teceivable No. 2 Received payment of principal plus interest from Carson for the September J note. 5 Received payment of principal plus interest from Mulan for the August 7 note. 1 Wrote of the Privet account against the Allowance for Doubtful Accounts Required: 1-a. Complete the table below to calculate the interest amount at December 31, 2017 1-b. Use the calculated values from 1-a to prepare your journal entries for 2017 transactions. 1-c. Complete the table below to calculate the interest amounts. 1-d. Use the calculated values from 1-c to prepare your journal entries for 2017 transactions. Complete this question by entering your answers in the tabs below. Required 1A Required 16 Required IC Required 10 Complete the table below to calculate the interest amount at December 31, 2017 9 ERTY
