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rear ??? February 14 Received Todd's payment of principal and interest on the...

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Accounting

rear ???
February 14 Received Todd's payment of principal and interest on the note dated December 16.
"March 2 Accepted a(n)$6,600,7%,90-day note in granting a time extension on the past-due account receivable from
Midnight Company.
March 17 Accepted a $2,300,30-day, 7% note in granting Ava Privet a time extension on her past-due account
April 16 receivable.
May 31 Privet dishonored her note.
August 7 Accept Company dishonored its note.
September 3
December 1 Wrote off the Privet account against the Allowance for Doubtful Accounts.
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.
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 31, Year 1.
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