File Edit View History Bookmarks Profiles YouTube (228)-4x | ACC101 Principle x Accounting101 E x | Accounting 101 Ex M Question 13-Ch ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb apter 9 Homework 13 3012 Saved Use those calculated values to prepare your journal entries for Year 2 transactions. View transaction list Journal entry worksheet < 2 3 4 5 6 7 8 9 10 Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits General Journal Debit Credit Date February 14 Cash Interest receivable Notes receivable-D. Todd I 12,800 Record entry Clear entry View general journal d Ann you can easily nay hills buy airtime and dat C? 12:109 more 24 tv > I You So D me File View History Edit Bookmarks Profiles Tab Window Help < YouTube MInbox (228) abis XM ACC101 Principle: X Accounting101 Ex x | Accounting 101 Ex X M Question 13 - Cha x WiConnect ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%25 C Chapter 9 Homework 13 Note: Use 360 days a year. Saved 30.12 points eBook Print References Year 1 December 16 Accepted a(n) $12,800, 60-day, 8 % note in granting Danny Todd a time extension on his past-due account December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 receivable. February 14 Received Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $6,400, 8%, 90-day note in granting a time extension on the past-due account receivable from Midnight Company. March 17 Accepted a $3,900, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $8,600, 90-day, 10% note in granting a time extension on the past-due account receivable of Mulan Company. September 3 Accepted a $3,900, 60-day, 11% note in granting Noah Carson a time extension on his 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. 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? Mc Graw Hill With the Jeroid Ano vou can easily nav bills. buv airtime and data 12.123 Сс < Prev 13 of 15 Next more JUN 24 tv MacBook Pro G Search or type URL % & " A

File Edit View History Bookmarks Profiles YouTube (228)-4x | ACC101 Principle x Accounting101 E x | Accounting 101 Ex M Question 13-Ch ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb apter 9 Homework 13 3012 Saved Use those calculated values to prepare your journal entries for Year 2 transactions. View transaction list Journal entry worksheet < 2 3 4 5 6 7 8 9 10 Received Todd's payment of principal and interest on the note dated December 16. Note: Enter debits before credits General Journal Debit Credit Date February 14 Cash Interest receivable Notes receivable-D. Todd I 12,800 Record entry Clear entry View general journal d Ann you can easily nay hills buy airtime and dat C? 12:109 more 24 tv > I You So D me File View History Edit Bookmarks Profiles Tab Window Help < YouTube MInbox (228) abis XM ACC101 Principle: X Accounting101 Ex x | Accounting 101 Ex X M Question 13 - Cha x WiConnect ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%25 C Chapter 9 Homework 13 Note: Use 360 days a year. Saved 30.12 points eBook Print References Year 1 December 16 Accepted a(n) $12,800, 60-day, 8 % note in granting Danny Todd a time extension on his past-due account December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 receivable. February 14 Received Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $6,400, 8%, 90-day note in granting a time extension on the past-due account receivable from Midnight Company. March 17 Accepted a $3,900, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight Company dishonored its note. August 7 Accepted a(n) $8,600, 90-day, 10% note in granting a time extension on the past-due account receivable of Mulan Company. September 3 Accepted a $3,900, 60-day, 11% note in granting Noah Carson a time extension on his 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. 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? Mc Graw Hill With the Jeroid Ano vou can easily nav bills. buv airtime and data 12.123 Сс < Prev 13 of 15 Next more JUN 24 tv MacBook Pro G Search or type URL % & " A

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter7: Payroll

Section: Chapter Questions

Problem 1.13C

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