Following are transactions for Ridge Company. March 21 Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a time extension on her past-due account receivable. September 17 Jackson dishonored her note. December 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year. Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Complete the table to calculate the interest amounts at September 17. Principal Rate (%) Time Total interest Total Through Maturity
Following are transactions for Ridge Company. March 21 Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a time extension on her past-due account receivable. September 17 Jackson dishonored her note. December 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year. Complete this question by entering your answers in the tabs below. Interest General Amounts Journal Complete the table to calculate the interest amounts at September 17. Principal Rate (%) Time Total interest Total Through Maturity
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 26Q: A customer was unable to pay the accounts receivable on time in the amount of $34,000. The customer...
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Don't give answer in image format
![Following are transactions for Ridge Company.
March 21
September 17
Jackson dishonored her note.
December 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for
Doubtful Accounts.
Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a time extension on her past-due
account receivable.
Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries.
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year,
Complete this question by entering your answers in the tabs below.
Interest
General
Amounts
Journal
Complete the table to calculate the interest amounts at September 17.
Total Through
Maturity
Principal
Rate (%)
Time
Total interest
Interest Amounts
General Journal >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F887ed175-539f-4079-a422-06d93f0bd677%2Ff8fa7784-6b71-41ba-aa12-82bc1c8c2a69%2Fhq9n24o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Following are transactions for Ridge Company.
March 21
September 17
Jackson dishonored her note.
December 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for
Doubtful Accounts.
Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a time extension on her past-due
account receivable.
Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries.
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year,
Complete this question by entering your answers in the tabs below.
Interest
General
Amounts
Journal
Complete the table to calculate the interest amounts at September 17.
Total Through
Maturity
Principal
Rate (%)
Time
Total interest
Interest Amounts
General Journal >
![March 21 Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a time extension on her past-due
account receivable.
September 17 Jackson dishonored her note.
December 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for
Doubtful Accounts.
Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries.
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year.
Complete this question by entering your answers in the tabs below.
General
Journal
Use the calculated value to prepare your journal entries.
Interest
Amounts
View transaction list
Journal entry worksheet
2
Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a
time extension on her past-due account receivable.
Note: Enter debits before credits,
Date
March 21
General Journal
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F887ed175-539f-4079-a422-06d93f0bd677%2Ff8fa7784-6b71-41ba-aa12-82bc1c8c2a69%2Fvsx6m3g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:March 21 Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a time extension on her past-due
account receivable.
September 17 Jackson dishonored her note.
December 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for
Doubtful Accounts.
Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries.
Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year.
Complete this question by entering your answers in the tabs below.
General
Journal
Use the calculated value to prepare your journal entries.
Interest
Amounts
View transaction list
Journal entry worksheet
2
Accepted a $17,400, 180-day, 9% note from Tamara Jackson in granting a
time extension on her past-due account receivable.
Note: Enter debits before credits,
Date
March 21
General Journal
Debit
Credit
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