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The following transactions are from Ohlm Company. (Use 360 days a year.) Year 1 December 26 Aocopted a(n)$10,300, 60-day, 6t note in granting banny Todd a tise extension on his past-due scoount receivable. December 31 Made an adjunting entry to record the acerued interest on the Todd note. Year 2 February 14 Received Todd's paynent of prineipal and interest on the note dated December 16. Moroh 2 socepted a(n)$6,200,61,90-day note in granting a time extension on the past-due sccount receivable fram Nidnight Compsny. Fareh 17 hocepted a $2,000,30-day, 7t note in granting Ava Frivet a tine axtension on ber past-due account recelvable. Apri1 16 Privet dishonored her note. May 31 Midnight Coepany dishonored its note. Auguat? Mecepted a(n)$7,350,90-day, 112 note in granting a time extension on the past-due account receivable of Nulan Company. Septeaber 3 necepted a $3,530,60-day, 10t note in granting Foah Carson a time extension on his past-due account recoivable. november 2 Received paynent of prinoipal plun interest from Carson for the Septenber 3 note. November is Received paynent of prineipal plus interest from Malan for the Aagust 7 note. December 1 Wrote off the Privet account against the Allovance for Doubtfal Mecounts. Required: 1-a. First, complete the table below to calculate the interest amount at December 31 , Year 1. 1.b. 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 Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge o receivables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amount at December 31 , Year 1 . Ise the calculated value to prepare your joumal entries for Year 1 transactions. (Do nat round intermediate calculations.) Journal entry worksheet Accepted a 310,300, 60-day, 6% note in granting Danny Todd a time extersion on his past-due account recevable. Note: Erker dusits tefore credins. Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Use those calculated values to prepare your foumal entries for Year 2 transactions. Journal entry worksheet 78910 Received Todd's payment of principal and interest on the note dated December 16. Natn: Linter debits before credits. Complete this question by entering your answers in the tabs below. If ohim pledged its recelvables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables

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