Question: Exercise 7 - 2 1 ( Static ) Dishonoring a note LO P 4 Following are transactions for Ridge Company. March 2 1 Accepted a

Exercise 7-21(Static) Dishonoring a note LO P4
Following are transactions for Ridge Company.
March 21 Accepted a $9,500,180-day, 8% note from Tamara Jackson in granting a time extension on her past-due account receivable.
September 17 Jackson dishonored her note.
December 31 After trying several times to collect, Ridge Company wrote off Jacksons account against the Allowance for Doubtful Accounts.
Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries.

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