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The following transactions are from Ohlm Company. (Use 360 doys a year.) Year 1 Decenber 16 Accepted a 510,800,60-day, 88 note in granting Danny Todd a tine extension on his past-due account receivable. Decenber 31 Made an adjusting entry to record the accrued interest on the Todd note. Yeor 2 February 14 Received Todd's payment of principal and interest on the note dated Decenber 16. March 2 Accepted a $6,100, ax, 90 -day note in granting a time extension on the past-due account receivable from Midnight March 17 Accepted a $2,40e, 3e-day, 78 note in granting Ava Privet a tine extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight Coopany dishonored its note. August 7 Accepted a 57,440,90-day, 10k note in granting a time extension on the past-due account receivable of Mulan compary. Septeaber 3 Accepted o $2,100,60-day, 105 note in granting lioah Carson a time extension on his past-due account receivable. Hovebber 2 Heceived paynent of principal plus interest froe Carson fon the Septenber I note. Whevenber 5 secelved payeent of principal plus interest froe Mulan for the August 7 note. Required: 1-0. First, complete the table below to calculate the Interest amount at December 3t, Year 1 . 1.b. Use the calculoted 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 recelvables as security for a loan from the bank, where on the financlal statements does it disciose this pledge of recelvables? Required: 1.0. 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 entrles 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 Ohlm pledged its recelvables as security for a loan from the bank, where on the financial statements does it disclose this pledge of recelvables? 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 . View transaction list View journal entry worksheet First, complete the table below to calculate the interest amounts. Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits. Journal entry worksheet 78910 Accepted a $6,100,8%,90-day note in granting a time extension on the pastdue account receivable from Midnight Company. Note: Enter debits before credits. Journal entry worksheet

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