Question: Exercise 9 - 2 1 ( Algo ) Dishonoring a note LO P 4 Following are transactions for Ridge Company. March 2 1 Accepted a

Exercise 9-21(Algo) Dishonoring a note LO P4
Following are transactions for Ridge Company.
March 21 Accepted a $17,800,180-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 Jackson's 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. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year.
Complete this question by entering your answers in the tabs below.
Interest
Amounts
Use the calculated value to prepare your journal entries.
1 Accepted a $17,800,180-day, 8% note from Tamara Jackson in granting a time extension on her past-due account receivable.
2 Jackson dishonored her note.
3 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts.
Credit
Note : = journal entry has been entered
Interest Amounts
Exercise 9-21(Algo) Dishonoring a note LO P4 Following are transactions for

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