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The following transactions are from Ohlm Company. Year 1 Dec. 16 Accepted a $10,800, 60-day, 8% note in granting Danny Todd a time extension on

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The following transactions are from Ohlm Company. Year 1 Dec. 16 Accepted a $10,800, 60-day, 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. Year 2 Received Todd's payment of principal and interest on the note dated December 16. Feb. 14 Check Feb 14 test $108 Accepted a $6.000, 85, 90 day note in granting a time extension on the past-due account receivable from Midnight Mar. 2 Co. 17. Accepted a $2,400, 30-day. note in granting Ava Privet a time extension on her past-due account receivable Apr. 16 Privet dishonored her note: Midnight Co. dishonored its note. May 31 32 Accepted a 57.449, 90 day, 10 note is granting a time extension on the past dud account receivable of Mtulan Co. Sep 3 corpted. 8,100,60-day, so note in granting Noah Carson a time extention on his pare-due account receivable Received payment of principal plus interest from Carson for the September 3 note Non Nov.5 Received payment of principal plus interest from Sulan for the Aurust noto Deu Wote of the Privat contains the Allowance for Doubtful Account Aug Required 1. Prepare journal entries to record these transactions and events Analysis Component 2. If Olin pledsed to receivables as security for a loan front bank here on the nation statement des it did this pledge of receblo

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