Question: 1 and 2 are solved i just need help solving 3. thanks. Note Recelvable Shaded cells have feedba In the trial balance for March, you

 1 and 2 are solved i just need help solving 3.
thanks. Note Recelvable Shaded cells have feedba In the trial balance for
1 and 2 are solved i just need help solving 3. thanks.

Note Recelvable Shaded cells have feedba In the trial balance for March, you see that Notes Receivable-Fast Feet Co has a negative through the journal entries for March, you tind that on March 19 the recorded November 19, 20Y1, this year balance of $105, which would seem to indicate that Fast Feet paid too much. Looking back accounting intern recorded receipt of $2730 in payment of this note receivable. Further investigation reveals that on intormation about this note in the accounting records. Assume a 360 day note receivable was received from Fast Feet Co tor $2.625, You can tind no additional i Using the preceding information, compute the term and the intorest rate of the note recelvable trom Fast Feet 1 Term of the note 20 days Points:1/1 2 Interest rate of the note 3 Journalize the entry needed to record information about the note receivable from Fast Feet for the year 20Y1 Assume that the entry on Novernber 19, 20Y1 s correct Refer to the Chart of Accounts of exact wording of account toes Round al amounts to the nearest dollar Question not attempted. PAGE 11 JOURNAL Score: 0/25 ACCOUNTING EQUATON DATE DESCPTIoN DENT

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