The following selected transactions are from Ohlm Company. (Use 360 days a year.) 2017 Dec. 16 Accepted a(n) $11,000, 60-day, 7% 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 1 Mar. 2 Accepted a(n) $6,500, 78, 90-day note dated this day in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a(n) $3,100, 30-day, 7% note dated this day in granting Ava Privet a time extension on her 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 July 16 Received payment from Midnight Co. for the maturity value of its dishonored note plus interest for 46 days Aug. 7 Accepted a(n) $8,600, 90-day, 11% note dated this day in granting a time extension on the past-due account Sep. 3 Accepted a(n) $2,220, 60-day, 8% note dated this day in granting Noah Carson a time extension on his past-due dishonored note plus accrued interest to Midnight Co. 's accounts receivable. beyond maturity at 78 receivable of Mulan Co. 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. 1 Wrote off 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 1B Required 1C Required 1D Complete the table below to calculate the interest amount at December 31, 2017 Interest Total Through Recognized Maturity December 31 Principal Rate (%) Time Total interest Required 1A Required 1B> Required 1A Required 1B Required 1C Required 1D Use the calculated values from 1-a to prepare your journal entries for 2017 transactions View transaction list Journal entry worksheet 2 Accepted a(n) $11,000, 60-day, 7% 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 Debit Credit Dec 16 Complete this question by entering your answers in the tabs Delow. Required 1A Required 1B Required 1CRequired 1D Complete the table below to calculate the interest amounts. Total Through Maturity N. Carson Note - September 3, Midnight Co. A. Privet Note Midnight Co. -1 Mulan Note- March 17,August 7, 2018 Mulan Note:Note-May 31, Note-March Note - March Note - May 3 2, 2018 2018 2018 2018 es Principal Rate (%) Time Total interest
