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

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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