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The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 Decenber 16 Accepted a(n)$11,500,60-day, 10 t note in granting Danny Todd

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The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 Decenber 16 Accepted a(n)$11,500,60-day, 10 t note in granting Danny Todd a tine extension on his past-due accouant receivable. December 31 Made an adjusting entry to record the acerued interest on the Todd note. Year 2 Pebruary 14 Received Todd's payment of prineipal and interest on the note dated Decomber 16. March 2 Accepted a(a) $6,100, 108, 90 -day note in granting a tine extension on the past-due account receivab Midnight Company. March 17 Mcopted a $4,000,30-day. 76 note in granting kva privet a time extension on her past-due account May 31 Midnight Company dishonored its note. Aagust 7 Accepted a(n)$8,100,90-day, 11k note in granting a tire extension on the past-due account receivable of Malan Company. September 3 Accepted a $2,850,60-day, 10 R note in granting Noah carson a time extension on his past-due account receivable. November 2 Received payment of principal plus interest from Carson tor the septenber 3 note. November 5 Roceived payment of principal plus interest from Mulan for the August 7 note. Dectenber 1 wrote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-a. First, complete the table below to calculate the interest amount at December 31, Year 1 . 1-b. Use the calculated value to 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 receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of recelvables? Complete this question by entering your answers in the tabs below

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