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Year 1 Decenber 16 Ascepted a(n) $13,600, 60-day, 10x note In granting Danny fodd a time extension on his past-due account receivable. December 31 thade

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Year 1 Decenber 16 Ascepted a(n) $13,600, 60-day, 10x note In granting Danny fodd a time extension on his past-due account receivable. December 31 thade an adjusting entry to recond the accrued interest on the Todd note. Year 2 February 14 Recelved fodd's payment of prineipal and interest on the note dated December 16. March 17 Accepted a $2,690, 30-day, 7x note in granting Ava Privet o tine extension on her past-due account cecelvable, April 16 Pelvet dishonared her note. May 31 Midnight Company Alshonored its note. August 7 Accepted a(n) 58,950 , 9e-day, ox note In sronting o tine exteoslop on the past-due account recelvable of Mulain Corpany. Hovenber 2 Recelved poyment of peincipol plus interest froe coeson for the septreber 1 mote. Required: 1-a. First, complete the table below to calculate the interest amount at Decernber 31, Yeat) 1.b. Use the calculated value to prepare your journol entries for Year 1 transactions 1.c. First, complete the table below to calculate une interest amounts 1.d. Use those calculated values to prepare yourjournal entsies for Year 2 transactions of recelvables? Journal entry worksheet Accepted a $13,600,60-day, 10% note in granting Danny Todd a time. extension on his past-due account receivable. Note: Enter debits before sredits

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