Exerclse $7\mathrm{.}21($Algo$)$ Dishonoring a note LO P$4$

points

Following are transactions for Ridge Company.

March $21$ Accepted a $$6,869,189-$day, $88$ note fron Tanara Jackson in granting a time extension on her past$-$due account

receivable.

September $17$ Jackson dishonored her note.

December $31$ After trying several tines 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 joumal entrles.

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

General

Amounts

Journal

Complete the table to calculate the interest amounts at September $17.$