The following transactions are from Ohim Company. (Use 360 days a year.) Year 1 Decrever 16 Accepted a(n) 512,960,60-day, 98 note in granting Dany Todd a tioe extensicer on his past-due account-receivable Decenaber 31 Made an adjusting entey to recons the accrued interest on the fodd noto. Year 2 February 14 Meceived Todid's paywent of principal and interest on the note doted Deceaber 16. Conpany. Apri1 it privet asshonored her note. May 31 Midnight Conpany dishonored its note. Corpany. Noweneer 2 Fecelved payment of peincipal pliss interest fran Carsan for the Septenber 3 note. Noverber 5 Received payment of orincipal plus interest tran Mulan tor the August 7 note. Dechuber 1 Wrate pif the Privet sccount aedinst the allowance fon ayubtful Accoonts. Required: 1-0. First, complete the table below to calculate the interest amount at December 31, Year 1. 1.b. Use the calculaled value to prepare your journal entries for Year 1 transactions. 1-e. 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 financlal statements does it disclose this pledge of recelvables? Complete this question by entering your answers in the tabs below. -b. Use the calculated value to prepore your journal entries for Year 1 transactions. -c. First, complete the table below to calculate the interest amounts. d. Use those calculated values to prepare your joumal 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? Complete this question by entering your answers in the tabs below. First, complete the table below to caiculate the interest amount at December 31, Year 1 . Jse the calculated value to prepare your journal entries for year i transactions. (Do not round Intermedlate calculations.) Journal entry worksheet Accepted a $12,900,60-day, 9% note in granting Danny Todd a time extenston on his past-due account recelvable. Notez finter debits before creats. 1-d. Use those calculated values to prepare your joumal entries for Year 2 transactions. 2. If Ohlm pledged its recelvables as security for a loan from the bank, where on the financial statements does it disc of recelvables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. (Do not round internediate calculations.) Jse 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. 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 recelvables as security for a loan from the bank, where on the financlal statements does it disclose this pledge of receivables? Complete this question by entering your answers in the tabs below. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables
