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 $13, 400, 60-day, 8t note dated this day in granting Danny Todd a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Todd note. 2017 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(n) $6,200, 88, 90-day note dated this day in granting a time extension on the past-due account receivable from Midnight Co. 17 Accepted a (n) $2,800, 30-day, 7 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 Ohlm Co. on May 31. Prepare the journal entry to charge the dishonored note plus accrued interest to Midnight Co.'s accounts receivable. July 16 Received payment from Midnight Co. for the maturity value of its dishonored note plus interest for 46 days beyond maturity at 8t. Aug. 7 Accepted a(n) $7,950, 90-day, 10% note dated this day in granting a time extension on the past-due account receivable of Mulan Co. Sep. 3 Accepted a(n) $3,130, 60-day, 10% note dated this day in granting Noah Carson a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Carson for the September 3 note. Nov. 5 Received payment of principal plus interest from Mulan for the August 7 note. Dec. 1 Wrote off the Privet account against the Allowance for Doubtful Accounts Required: Required LA Required 10 Required IC Regu 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. First, complete the table below to calculate the int 1-c. First, complete the table below to calculate the interest amounts. Interest 1-d. Use those calculated values to prepare your journal entries for 2017 transactions. Recognized Maturity December 31 Principal 13.400 5 13.400 Rate() 62 BX Complete this question by entering your answers in the tabs below. Time 60/360 90/360 Total interest 3 179 $ 268 Total Thou Required 1A Required 1B Required 10 Required 1D First, complete the table below to calculate the interest amounts. General DEC Dute 21 Feb 14 Total Through Maturity Midnight Co. A. Privet Note Mulan Note - Midnight Co. Note - March March 17, August 7, Note - May 31 2, 2017 2017 2017 2017 s 6,200 s 2,800 $ 7,950 8% 8% 8% 10% 90/360 90/360 90/360 N. Carson Note - September 3, 2017 $ 3,130 10% 123 12 Principal Rate(%) Time Total interest 60/360 22 Accounts recette A. May 31 Ace Nchibinigte JU A receive Complete this question by entering your answers in the tabs below. LA 2 Required LA Required 1 Required IC Required 10 A Narva 7 Use the calculated value to prepare your journal entries for 2016 transactions. . Novo View transaction et View journal entry worksheet 11 N Credit No Date 1 Dea 16 General Journal Notes receivable. Todd Accounts receivable Todd 1 Debit 13.400 7 13.400 De 2 Dec 31 258 Interest recevable Interest revenue Account Pri Required 10 208 0 words