Problem 9-5A Analyzing and journalizing notes receivable transactions LO C2, C3, P4 The following transactions are from Olim Company (Use 360 days a year) Year 1 Dec. 16 Accepted $10,200, 60-day, s note in granting Danny Todd the extension on his past de account receivable 31 Made an adjusting entry to record the accrued interest on the todd note Year 2 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(m) 56, 900, 88, 90-day note in granting time extension on the past due account receivable from Midnight Co. 17 Accepted a(n) $3,400, 30-day, 7% note in granting Awa Privet a time extension on her past-doe account receivable. Apr. 16 Privet dishonored her note. May 31 Midnight Co. dishonored its note. Aug. 7 Accepted (n) 37, 300, 90-day, st note in granting a time extension on the past doe account receivable of wulan Co. Sop. 3 Accepted a(n) $2,850, 60-day, 9 note in granting Noah Carson - tino extension on his past doe account receivable Nov. 2 Received payment of principal plus interest from Carson for the September 3 note. Nov. S 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: 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 2. If Ohim pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? First, complete the table below to calculate the interest amount at December 31, Year 1. Total Through Maturity Interest Recognized December 31 Principal Rate (%) Time Total interest Journal entry worksheet a Accepted a $10,200, 60-day, 8% note in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits. Date General Journal Debit Credit Dec 16 Journal entry worksheet