Exercise 9-15 Dishonoring a note LO P4 Following are transactions for Ridge Company Mar. 21...
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Exercise 9-15 Dishonoring a note LO P4 Following are transactions for Ridge Company Mar. 21 Accepted a $15,000, 180-day, 88 note from Tamara Jackson in granting a time extension on her past-due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Complete the table to calculate the interest amounts at September 17. Total Through Maturity Principal Rate(%) Time Total interest Interest Amounts General Journal >
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