The following transactions are from Ohlm Company, m 9-5A ng and journalizing ceivable lons - Year 1 Dec. 16 Accepted a $10,800.60-stay 8 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. P4 T Sob 14. Cr. Interest. $100 Interest Revenue Year 2 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $6.100, 8%, 90-day note in granting a time extension on the past-due account re- ceivable from Midnight Co. 17 Accepted a $2,400, 30-day, 7 note in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co, dishonored its note. Aug. 7 Accepted a $7.440, 90-day, 10% note in granting a time extension on the past-due account re- ceivable of Mulan Co. Sep. 3 Accepted a $2,100, 60-day, 10% 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 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. Interest Revenue Required 1. Prepare journal entries to record these transactions and events Analysis Component 2. 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