Unaday Loans issued the following notes during 2023: Required 1. Determine the due date, interest revenue, and
Question:
Unaday Loans issued the following notes during 2023:
Required1. Determine the due date, interest revenue, and maturity value of each note. Round all interest amounts to two decimal places.
2. Journalize a single adjusting entry at December 31, 2023, to record accrued interest revenue on all three notes. An explanation is not required.
3. Journalize the collection of principal and interest on note (b). Explanations are not required.
4. Show how these notes will be reported on the balance sheet at December 31, 2023.
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