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February Received Todd's payment of principal and interest on the note dated December
"March Accepted $day note in granting a time extension on the pastdue account receivable from
Midnight Company.
March Accepted a $day, note in granting Ava Privet a time extension on her pastdue account
April receivable.
May Privet dishonored her note.
August Accept Company dishonored its note.
September
December Wrote off the Privet account against the Allowance for Doubtful Accounts.
Required:
a First, complete the table below to calculate the interest amount at December Year
b Use the calculated value to prepare your journal entries for Year transactions.
c First, complete the table below to calculate the interest amounts.
d Use those calculated values to prepare your journal entries for Year transactions.
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?
First, complete the table below to calculate the interest amount at December Year
