year 2\nfebruary 14 received todds payment of principal and interest on the note dated december 16.\nmarch 2…

year 2\nfebruary 14 received todds payment of principal and interest on the note dated december 16.\nmarch 2 accepted a(n) $7,500, 7%, 90 - day note in granting a time extension on the past - due account receivable from midnight company.\nmarch 17 accepted a $3,800, 30 - day, 7% note in granting ava privet a time extension on a past - due account receivable.\napril 16 privet dishonored the note.\nmay 31 midnight company dishonored its note.\naugust 7 accepted a(n) $8,350, 90 - day, 10% note in granting a time extension on the past - due account receivable of mulan company.\nseptember 3 accepted a $3,410, 60 - day, 10% note in granting noah carson a time extension on a past - due account receivable.\nnovember 2 received payment of principal plus interest from carson for the september 3 note.\nnovember 5 received payment of principal plus interest from mulan for the august 7 note.\ndecember 1 wrote off the privet account against the allowance for doubtful accounts.\ncomplete this question by entering your answers in the tabs below.\nrequired 1a required 1b required 1c required 1d required 2\nuse those calculated values to prepare your journal entries for year 2 transactions.\nview transaction list\njournal entry worksheet\nreceived todds payment of principal and interest on the note dated december 16.\nnote: enter debits before credits.\ndate general journal debit credit\nfebruary 14 cash 12,848\nnotes receivable—d. todd 12,700\ninterest revenue

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