GLO901 (Static) - Based on Problem 9-5 m. The following selected transactions are from Ohim Company. Year 1 December 16 Accepted a $10,800,60-day, 84 note in granting Danny Todd a time extension on his past-due account. Decenber 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 February 14 Received Todd's paynent of principal and interest on the note dated December 16. March 2 Accepted a $6,100,88,90-day note in granting a tine extension on the past-due account receivable from March 17 Accepted a $2,400,30-day, 74 note in granting Ava Privet a time extension on her past-due account receivable. Aprit 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a $7,440,90-day, 104 note in granting a tine extension on the past-due account receivable of September 3 Accepted a $2,100,60-day, 104 note in granting Noah Carson a time extension on his past-due account November 2 Received paynent of principal plus interest fron Carson for the Septenber 3 note. Novenber 5 Received payeent of principal plus interest from Mutan for the August 7 note. December 1 Wrote off the Privet account against the Atlowance for Doubtful Accounts. Q) Answer is not complete. Prepare the journal entries related to notes recelvable and accounts receivable. Hint: Use the "Calculation of Interest" tab to ensure the accuracy of your entries. February 14 - Todd note: Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Total interest revenue - Year 2 $0