Question: Analyzing Accounts and Notes Receivable; Computing Interest, Estimating Value, and Recording Bad Debts Following are four separate cases. Analyze each of the four separate cases

Analyzing Accounts and Notes Receivable; Computing Interest, Estimating Value, and Recording Bad Debts Following are four separate cases. Analyze each of the four separate cases and complete the requirements. Note: Round each of your answers to the nearest whole dollar. 1. On December 31, Helena Company, a California real estate firm, received two $28,000 notes from customers in exchange for services rendered. The 8% note from El Dorado Company is due in nine months, and the 3% note from Newcastle Company is due in five years. The market rate for similar notes on December 31 was 8%. At what amounts should the two notes be reported in Helena's December 31 balance sheet

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