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Year 1 Decezber 16 Accepted a(A) $11,800,60-day, 9t note in granting Dasny Fodd a tine extesalon on his past-due account recelvable. Decenber 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's payment of principal and interest on the note dated Dece:ber 16. Karch 2 Accepted a(n) $7,600,98,90-day mote in grantiag a tiae extension on the past-due account receivable trol Accepted a(n) 57,60, Midalght Conpany. March 17 Accepted a $3,000, 30-day, 78 note in granting Ava Privet a time extension on her past-due account receivable. April 16 Prlvet dishonored her aote. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $8,950,90-day, 118 note in granting a time extension on the past-due account receivable of Malan Conpany. Aceepted a Septerber 3 Aceepted a $2,250,60-day, 128 note in granting Noah carson a time exteasion on his past-due account Noveaber 2 recelved paynent of princlpal plus Intereat tron Carson for the septenber 3 note. Noveaber 5 Mecelved paynent of prlncipal plus Intereat fron Mulan for the august 7 note. 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. 2. If Ohim pledged its recelvabies as security for a loan from the bank, where on the financial statements does it disclose this piedge of recelvables? Accepted a(n) $3,000,30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Note: Enter debits before creats. Privet dishonored her note. vote: Ente debsis bofore credts. Acoeptisd a(n) 57,600, 9\%, 80-dry note in granting a time extetsion on the past-due acount receivabe frem Nidright Comseny. note Enter aebas tefore creins. Accested a(n)$2,250,60day,12% note in graning Noeh Carson a time extersich on his past-due account receivabe. Wees Inte dead seftre chets. Accepted a(n)$8,950,90-day, 11% note in grarting a time extension on the past-due acoount receiveble of Mulan Company. Received Todd's payment of principal and interest on the note deted December 16. Note: enter detise borore credis. Note: Enter debits before cred ts. Note: Enter debits before cred ts. Received peyment of principal plus interest trom Carson for the September 3 note. Year 1 Decezber 16 Accepted a(A) $11,800,60-day, 9t note in granting Dasny Fodd a tine extesalon on his past-due account recelvable. Decenber 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's payment of principal and interest on the note dated Dece:ber 16. Karch 2 Accepted a(n) $7,600,98,90-day mote in grantiag a tiae extension on the past-due account receivable trol Accepted a(n) 57,60, Midalght Conpany. March 17 Accepted a $3,000, 30-day, 78 note in granting Ava Privet a time extension on her past-due account receivable. April 16 Prlvet dishonored her aote. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $8,950,90-day, 118 note in granting a time extension on the past-due account receivable of Malan Conpany. Aceepted a Septerber 3 Aceepted a $2,250,60-day, 128 note in granting Noah carson a time exteasion on his past-due account Noveaber 2 recelved paynent of princlpal plus Intereat tron Carson for the septenber 3 note. Noveaber 5 Mecelved paynent of prlncipal plus Intereat fron Mulan for the august 7 note. 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. 2. If Ohim pledged its recelvabies as security for a loan from the bank, where on the financial statements does it disclose this piedge of recelvables? Accepted a(n) $3,000,30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. Note: Enter debits before creats. Privet dishonored her note. vote: Ente debsis bofore credts. Acoeptisd a(n) 57,600, 9\%, 80-dry note in granting a time extetsion on the past-due acount receivabe frem Nidright Comseny. note Enter aebas tefore creins. Accested a(n)$2,250,60day,12% note in graning Noeh Carson a time extersich on his past-due account receivabe. Wees Inte dead seftre chets. Accepted a(n)$8,950,90-day, 11% note in grarting a time extension on the past-due acoount receiveble of Mulan Company. Received Todd's payment of principal and interest on the note deted December 16. Note: enter detise borore credis. Note: Enter debits before cred ts. Note: Enter debits before cred ts. Received peyment of principal plus interest trom Carson for the September 3

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