Help S Problem 9-5A Analyzing and journalizing notes receivable transactions LO C2, C3, P4 The following selected transactions are from Ohlm Company. (Use 360 days a year) 2016 Dec. 16 Accepted a $10,000, 60-day, 9t note dated this day in granting Danny odda time extension on his past-due account receivable. 31 Made an adjusting entry to record the acerued interest on the Todd note. ok 2017 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(n) $7,300, 9, 90-day note dated this day in granting a tine extension on the past-due account receivable from Midnight Co. 17 Accepted a(n) $2,400, 30-day, 7t note dated this day in granting Ava Privet a time extension on her past-due account receivable Apr. 16 Privet dishonored her note when presented for payment. May 31 Midnight Co. refused to pay the note that was due to oh1m Co. on May 31. Prepare the journal entry to charge the July 16 Received payment from Midnight Co. for the maturity value of ita dishonored mote plus interest for 46 days Aug. 7 Accepted a(n) $7,550, 90-day, 108 note dated this day in granting a time extension on the past-due account dishonored note plus accrued intereat to Midnight Co. ' accounts receivable. beyond receivable of Mulan Co. maturity at 9. - $2,340.60-day, note dated this day in granting Noah Carson a tine extension on his past-due 11% Accepted account receivable. 3 a(n) Nov. 2 Recei ved payment of prineipal plus interest fron Caraon for the September 3 Nov. 5 Received payment of principal plus interest from Mulan for the August 7 note. Dec. 1 Wrote off the Privet account against the Allovance for Doubtful Accounts. Required: 1-a. First, complete the table below to calculate the interest amount at December 31, 2016. 1-b. Use the calculated value to prepare your journal entries for 2016 transactions. 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare your journal entries for 2017 transactions. 7of7 Next