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The following selected transactions are from Ohlm Company 2016 Dec. 16 Accepted a $10,800, 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable 31 Made an adjusting entry to record the accrued interest on the Todd note. 2017 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $6,100, 8%, 90-day note dated this day in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a $2,400, 30-day, 7% note dated this day in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note when presented for payment. May 31 Midnight Co. refused to pay the note that was due to Ohlm Co. on May 31 Prepare the journal entry to charge the dishonored note plus accrued July 16 Received payment from Midnight Co. for the maturity value of its Aug. 7 Accepted a $7,450, 90-day, 10% note dated this day in granting a time Sep. 3 Accepted a $2,100, 60-day, 10% note dated this day in granting Noah Nov. 2 Received payment of principal plus interest from Carson for the September Nov. 5 Received payment of principal plus interest from Mulan for the August 7 Dec. 1 Wrote off the Privet account against the Allowance for Doubtful Accounts. interest to Midnight Co. 's accounts receivable dishonored note plus interest for 46 days beyond maturity at 8%. extension on the past-due account receivable of Mulan Co. Carson a time extension on his past-due account receivable. 3 note note. General Journal General Ledger Schedule of Calculation of Receivables Requirement Trial Balance Interest

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