Problem $7-5$A $($Algo$)$ Analyzing and journalizing notes receivable transactions LO C$2,$ C$3,$ P$4$

The following transactions are from Ohlm Company.

Note: Use $360$ days a year.

Year $1$

December $16$ Accepted $a(n)$$$14,300,60-$day, $10\%$ note in granting Danny Todd a time extension on a past$-$due account 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 $16.$

March $2$ Accepted $a(n)$$$7,700,10\%,90-$day note in granting a time extension on the past$-$due account receivable fro Midnight Company.

March $17$ Accepted a $$3,500,30-$day, $7\%$ note in granting Ava Privet a time extension on a past$-$due account

April $16$ Privet dishonored the note.

May $31$ Midnight Company dishonored its note.

August $7$ Accepted $a(n)$$$7,350,90-$day, $11\%$ note in granting a time extension on the past$-$due account receivable of Mulan Company.

September $3$ Accepted a $$2,160,60-$day, $10\%$ note in granting Noah Carson a time extension on a past$-$due account receivable.

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.

Complete this question by entering your answers in the tabs below.

Required $1$ A

Required $1B$

Required $1$ C

Required $1$D

Required $2$

First, complete the table below to calculate the interest amount at December $31,$ Year $1.$

$\backslash$table$[[,$Total Through Maturity,$\backslash$table$[[$Interest$],[$Recognized$],[$December $31]]],[$Principal$,$$$,14,300,$$$,14,300],[$Rate $(\%),,10\%,,10\%],[$Time$,,60/360,,15/360],[$Total interest,,,,$]]$

Complete all the require $1$A$,$ require $1$B$,$ Required $1$C$,$ Required $1$D$,$ required $2$