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The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 Dec. 15 Accepted a $10,700,60-day, 7% note in granting Danny Todd

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The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 Dec. 15 Accepted a $10,700,60-day, 7% note 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. Year 2 Feb. 14 Received Todd's paynent of principal and interest on the note dated Decenber 16. Mar. 2 Accepted a(n) 57,900,78,90-day note in granting a time extension on the past-due account receivable from Midnight co. 17 Accepted a(n) $3,700,30day,74 note in granting Ava Privet a tire extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. Aug. 7 Accepted a(n) 57,660,90-day, 105 note in granting a time extension on the past-due account receivable of kilan Co. Sep. 3. Accepted a(n) \$3,620, 60-day, 11% note in granting Noah carson a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Carson for the Septenber 3 note. Nov. 5 Received paynent 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. 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 disciose this pledge of recelvables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amount at December 31, Year 1 . First, complete the table below to calculate the interest amount at December 31 , Year 1 . Accepted a $10,700,60-day, 7% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermedia Journal entry worksheet Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. First, complete the table below to calculate the interest amounts. (Do not round intermediate calculat Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 Dec. 15 Accepted a $10,700,60-day, 7% note 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. Year 2 Feb. 14 Received Todd's paynent of principal and interest on the note dated Decenber 16. Mar. 2 Accepted a(n) 57,900,78,90-day note in granting a time extension on the past-due account receivable from Midnight co. 17 Accepted a(n) $3,700,30day,74 note in granting Ava Privet a tire extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. Aug. 7 Accepted a(n) 57,660,90-day, 105 note in granting a time extension on the past-due account receivable of kilan Co. Sep. 3. Accepted a(n) \$3,620, 60-day, 11% note in granting Noah carson a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Carson for the Septenber 3 note. Nov. 5 Received paynent 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. 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 disciose this pledge of recelvables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amount at December 31, Year 1 . First, complete the table below to calculate the interest amount at December 31 , Year 1 . Accepted a $10,700,60-day, 7% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermedia Journal entry worksheet Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. First, complete the table below to calculate the interest amounts. (Do not round intermediate calculat Use those calculated values to prepare your journal entries for Year 2 transactions. Journal entry worksheet Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables

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