e File Edit View History Bookmarks Profiles Tab Window Help <>C Netflix MInbox (228 X MACC101 Pr X Accounting X Accounting X M Question 1 X M Question 1 xb Answered: ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... Chapter 9 Homework 13 30.12 points Saved Note: Use 360 days a year. Year 1 December 16 Accepted a(n) $12,800, 60-day, 8% note in granting Danny Todd a time extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 eBook Ask Print References February 14 Received Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $6,400, 8%, 90-day note in granting a time extension on the past-due account receivable from Midnight Company. March 17 Accepted a $3,900, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $8,600, 90-day, 10% note in granting a time extension on the past-due account receivable of Mulan Company. September 3 Accepted a $3,900, 60-day, 11% note in granting Noah Carson a time extension on his past-due account receivable. November 2 Received payment of principal plus interest from Carson for the September 3 note. November 5 Received payment of principal plus interest from Mulan for the August 7 note. 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. 2. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? Mc Graw < Prev 13 of 15 Next > ? 25 tv → C G Search or type URL A Fiew History Bookmarks Profiles Tab Window Help BEY Netflix MACC101 Pr X Accounting x Accounting XM Question 1 X M Question 1 x | b Answered X WIC education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... Q work UI TELEIVOS Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 1D Required 2 Saved Use those calculated values to prepare your journal entries for Year 2 transactions. View transaction list Journal entry worksheet 4 < Midnight Company dishonored its note. 5 6 7 8 9 10 > Note: Enter debits before credits. Date General Journal Debit Credit May 31 Accounts receivable-Midnight Company Notes receivable-Midnight Company Interest revenue 6,400 -> с JUN < Prev 13 of 15 Next > 25 tv G Search or type URL A * >