The following transactions are from Ohlm Company. (Use 360 days a year.) Year 1 Dec. 16 Accepted a $14,200, 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 payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(n) $6,100, 7%, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a(n) $3,600, 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(n) $8,000, 90-day, 9% note in granting a time extension on the past-due account receivable of Mulan Co. Sep. 3 Accepted a(n) $2,340, 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. Dronqof Mont Dec. 1 Wrote off the Privet account against the Allowance for VULTUI ALL Required: 1-a. First, complete the table below to calculate the interest amount at December 31, Year 1. 1-D. 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 Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 10 Required 2 First, complete the table below to calculate the interest amount at December 31, Year 1. Interest Comparative figures for Apple and Google follow Current Year 17.874 Apple One Year Prior $ 15,754 Two Years Prior $ millions Accounts receivable, net Net sales Google Current One Year Two Year's Year Prior Prior $ 16,849 $ 18, 3361 110,855 90,272 229,234 215,639 233,715 74,989 Required: 1. Compute the accounts receivable turnover for (a) Apple and (b) Google for each of the two most recent years using the data shown. 2. Compute how many days, on average, it takes to collect receivables for the two most recent years for (a) Apple and Google. 3. Which company more quickly collects its accounts receivable in the current year? Complete this question by entering your answers in the tabs below. Year 1 Dec. 16 Accepted a $14,200, 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 payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(n) $6,100, 7%, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a(n) $3,600, 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(n) $8,000, 90-day, 9% note in granting a time extension on the past-due account receivable of Mulan Co. Sep. 3 Accepted a(n) $2,340, 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. Complete this question by entering your answers in the tabs below. Required 1A Required 1A Required 10 Required 1C Required 10 Required 2 First, complete the table below to calculate the interest amount at December 31, Year 1. Total Through Maturity Recognized December 31 Principal Rate(%) Time Total interest Required 1A Required 10 | Required IC Required ID Required 2 View transactions Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculation View transaction list Journal entry worksheet Accepted a $14,200, 60-day, 7% note in granting Danny Todd a time extension on his past due account receivable. Note: Enter debits before credits. Debit General Journal Date Credit Dec 16 Required 1A Required 18 Check my work Required 1C Required ID Required 2 Use the calculated value to prepare your journal entries for Year 1 transactions. (Do not round intermediate calculate View transaction list Journal entry worksheet Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. Date General Journal General Internal Debit Credit Dec 31 Next Check my Requred 1 Requwed 1 Required IC Required 18 Required 1D Required 2 First, complete the table below to calculate the interest amounts. (Do not round intermediate calculations Principal Rate(%) Total interest Check my work Required 1D Required 10 Required 1D Required LA Required 10 Required 2 Use those calculated values to prepare your journal entries for Year 2 transactions. View transaction list Journal entry worksheet 3 4 5 6 7 8 9 10 > Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. Date General Journal Debit Credit Feb 14 the question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 1D Required 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 receivables?