Question: Note: Use 3 6 0 days a year. Year 1 December 3 1 Made an adjusting entry to record the accrued interest on the Todd

Note: Use 360 days a year.
Year 1
December 31 Made an adjusting entry to record the accrued interest on the Todd note.
Year 2
February 14 Received Todd's payment of principal and interest on the note dated December 16.
Company.
April 16 Privet dishonored her note.
May 31 Midnight Company dishonored its note.
November 2 Received payment of principal plus interest from Carson for the September 3 note.
November 5 Received payment of principal plus interest from Mulan for the August 7 note.
December 1 Wrote off the Privet account against the Allowance for Doubtful Accounts.
Required:
1-a. First, complete the table below to calculate the interest amount at December 31, Year 1.
1-b. Use the calculated value to prepare your journal entries for Year 1 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 Year 2 transactions.
If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge
of receivables?
Complete this question by entering your answers in the tabs below.
First, complete the table below to calculate the interest amount at December 31, Year 1.
Note: Use 360 days a year. Year 1 December 31 Made

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