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The following transactions are from Ohim Company Note: Use 360 days a year. Year 1 Decenber 16 Accepted a(n)$13,900,60-day, 6% note in granting Danny Todd

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The following transactions are from Ohim Company Note: Use 360 days a year. Year 1 Decenber 16 Accepted a(n)$13,900,60-day, 6% note in granting Danny Todd a tise extension on his past-due account receivable. Decenber 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 Deceeber 16. March 2 Accepted a(n) 56,489, 6\%, 90-day note in granting a tine extension on the past-due account receivable froe Midnight Cocpany. March 17 Accepted a $3,300, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Apri1 16 Privet dishonored her note. May 31 Midnight Company distonored its note. August 7 Accepted a( (n)58,000,90day,10 note in granting a time extension on the past-due account receivable of Mulan Company. Septenber 3 Accepted a $3,610,60-day, 118 note in granting Noak carson a tise extension on his past-due account receivable. November 2 Received payment of principal plus interest from Carson for the September 3 note. Novenber 5 Received payment of principal plus interest from Mulan for the August 7 note. Decenber 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-o. First, complete the table below to calculate the interest amount at December 31, Year 1. 1-b. Use the calculated value fo 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. 2. If Ohim pledged its recelvables as security for a loan from the bank, where on the financial statements does it disclose this pledge of recelvables

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