Use the perpetual investy system, and be. Round to the newest 19-5A and journblizing ewable The following transactions are from Oilm Company s end distincts to record and it applies the lone method P4 Year 1 Dec. 16 Accepted a $10,800, 60-day, 8% note in granding Danny Todd time extension account receivable. Made an adjusting entry to record the accrued interest on the Todd not 31 me extension on his past-due Year 2 Feb. 14 Mar. 2 Received Todd's payment of principal and interest on the note dated December Accepted a 56,100. 8. 90-da note in gunting a time extension on the past de 17 e past due account re- Apr. 16 May 31 Aug. 7 e extension on her past-due ceivable from Mid 90-day note in gu t on the note dated December 16 Accepted a $2.400, 30-day, 75 note in granting Ava Privet a time extension on her account receivable. Privet dishonored her note. Midnight Co. dishonored its note, Accepted a $7.440.90-day, 10% note in granting a time extension on the past due con ceivable of Mulan Co. Accepted a $2.100,60-day, 10 note in granting Noah Carson time extension on the past account receivable. Received payment of principal plus interest from Carson for the September 3 note Received payment of principal plus interest from Mulan for the Aug notes Wrote off the Privet account against the Allowance for Doubtful Accounts Sep. 3 Nov. 2 Nov. S Dee. 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