The following transactions are from Ohlm Company Note: Use 360 days a year. Year 1 Deceaber 16 Accepted a(n)$13,ee0,60-day, 94 note in granting banny Todd a time extension on his past-due account recelvable. Mode an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's paynent of principal and interest on the note dated Decenber 16. March 17 Accepted a $2,100, 30-day, TV oote in granting Ava Privet a time extension on her past-due account April 16 receivable. Privet dishonored her note. Way 31 Mivet dishonored Cospany dishonored its note. August 7 Accepted a (b) 30,759 , 90-day, bs note in granting a tine extension on the past-due account recelvable of Septenber 3 Accepted any. \$3,640, 66-6ay, as note in granting Noah Carson a tise extension on his past-due account Hevemer s Meceived payment of principal plus interest from Mutan for the August 7 note. Aequired: 1a. First, comptete the tabie below to calculate the interest amount at December 31, Year 1. H. Use the calculated value to prepare your journal entries for Year 1 transactions 1.c. Fins, complete the toble below to caiculate the interest amounts. 1.d. Use those calculated valies to prepare your joumal entries for Year 2 transections. 2. If Ohim pledged is recelvables as security for a loan from the bank, where on the financial statements does it cisciose this pledge First, complete the table below to calculate the interest amount at December 1 Accepted a $13,000,60-day, 9% note in granting Danny Todd a time extension on his past-due account receivable. 2 Made an adjusting entry to record the accrued interest on the Todd note. First, complete the table below to calculate the interest amounts. (Do not round intermec Use those calculated values to prepare your journal entries for Year 2 transactions. 1. Received Todd's payment of principal and interest on the note dated December 16. 2. Accepted a(n)$8,000,9%,90-day note in granting a time extension on the past-due account receivable from Midnight Company. 3 Accepted a(n) $2,100,30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. 4 Privet dishonored her note. 5 Midnight Company dishonored its note. 6. Accepted a(n) $8,750,90-day, 8% note in granting a time extension on the past-due account receivable of Mulan Company. 7 Accepted a(n)$3,640,60-day, 8% note in granting Noah Carson a time extension on his past-due account receivable. 8 Received payment of principal plus interest from Carson for the September 3 note. 9 Received payment of principal plus interest from Mulan for the August 7 note. 10 Wrote off the Privet account against the Allowance for The following transactions are from Ohlm Company Note: Use 360 days a year. Year 1 Deceaber 16 Accepted a(n)$13,ee0,60-day, 94 note in granting banny Todd a time extension on his past-due account recelvable. Mode an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's paynent of principal and interest on the note dated Decenber 16. March 17 Accepted a $2,100, 30-day, TV oote in granting Ava Privet a time extension on her past-due account April 16 receivable. Privet dishonored her note. Way 31 Mivet dishonored Cospany dishonored its note. August 7 Accepted a (b) 30,759 , 90-day, bs note in granting a tine extension on the past-due account recelvable of Septenber 3 Accepted any. \$3,640, 66-6ay, as note in granting Noah Carson a tise extension on his past-due account Hevemer s Meceived payment of principal plus interest from Mutan for the August 7 note. Aequired: 1a. First, comptete the tabie below to calculate the interest amount at December 31, Year 1. H. Use the calculated value to prepare your journal entries for Year 1 transactions 1.c. Fins, complete the toble below to caiculate the interest amounts. 1.d. Use those calculated valies to prepare your joumal entries for Year 2 transections. 2. If Ohim pledged is recelvables as security for a loan from the bank, where on the financial statements does it cisciose this pledge First, complete the table below to calculate the interest amount at December 1 Accepted a $13,000,60-day, 9% note in granting Danny Todd a time extension on his past-due account receivable. 2 Made an adjusting entry to record the accrued interest on the Todd note. First, complete the table below to calculate the interest amounts. (Do not round intermec Use those calculated values to prepare your journal entries for Year 2 transactions. 1. Received Todd's payment of principal and interest on the note dated December 16. 2. Accepted a(n)$8,000,9%,90-day note in granting a time extension on the past-due account receivable from Midnight Company. 3 Accepted a(n) $2,100,30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. 4 Privet dishonored her note. 5 Midnight Company dishonored its note. 6. Accepted a(n) $8,750,90-day, 8% note in granting a time extension on the past-due account receivable of Mulan Company. 7 Accepted a(n)$3,640,60-day, 8% note in granting Noah Carson a time extension on his past-due account receivable. 8 Received payment of principal plus interest from Carson for the September 3 note. 9 Received payment of principal plus interest from Mulan for the August 7 note. 10 Wrote off the Privet account against the Allowance for
