GL0701- based in problem 7-5A ohlm company

GL0701 - Based on Problem 7.5A Ohlm Company LO O P4 3 The following selected transactions are from Ohlm Company. Year 1 Dec. 16 Recepted a $10,800, 60-day, note in granting Danny Todd a time extension on his past due account 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $6,100, 81, 90-day note in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a $2,400, 30-day, 71 note in granting Ava Privet a time extension on her past-due account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. Aug. 7 Accepted a $7.450, 90-day. 100 note in granting a time extension on the past-due account receivable of Mulan Co. Sep. Nov. Nov. Dee. 3 Accepted a $2,100, 60-day, 108 note in granting Noah Carson a time extension on his past due account receivable. 2 Received payment of principal plus interest from Carson for the September ) note. 5 Received payment of principal plus interest from Mulan for the August 7 note I wrote of the Privet account against the Allowance for Doubtful Accounts Requirement General Journal General Ledger Trial Balance Schedule of Receivables Calculation of Interest Prepare the journal entries related to notes receivable and accounts receivable. Hint: Use the "Calculation of Interest tab to ensure the accuracy of your entries. View transaction list Journal entry worksheet Ch 07 GL P7-5a6 Saved Prepare the journal entries related to notes receivable and accounts receivable. Hint: Use the "Calculation of Intere ensure the accuracy of your entries. View transaction list points Skipped Journal entry worksheet General Ledger Requirement