Chrome File e Edit View History Bookmarks Profiles Tab Window Help Q 8 Tue Feb 7 3:48 PM Dashboard X + ... Winter Due Dates Functional Areas Macroeconomics Financial Accounting Mental Health + C coursehero.com/dashboard/ - > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser... Update Connect Assignment 4 - Chapter 4 i Saved Help Save & Exit Submit Get homework help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Get conne Favorites Return to question Receive a iCloud 2 iCloud Drive bu111_final_e.._notes.pdf.p E4-10 Determining Financial Statement Effects of Interest on Two Notes Critical Thinki..t - M. Makk 1. Ask your Documents LO4-1 Economics 2.pdf Desktop ENROLLMENT LETTER.pdf 10 BIL Online final exam F22.pdf points am Shared Note 1: On April 1 of the current year, Warren Corporation received a $36,000, 4 percent note from a customer in settlement of a $36,000 open account receivable. According to the terms, the Self-Care Batt..or Workshe Type your o Locations principal of the note and interest are payable at the end of 12 months. Warren's fiscal year ends on December 31. Network Note 2: On August 1 of the current year, to meet a cash shortage, Warren Corporation obtained a $36,000, 5 percent loan from a local bank. The principal of the note and interest expense are Tags payable at the end of six months. Drag . Red eet Required: Orange For the relevant transaction dates of each note, indicate the amounts and direction of effects on Yellow the elements of the statement of financial position and the statement of earnings. (Reminder: Assets = Liabilities + Shareholders' equity; Revenues - Expenses = Net earnings; and Next Green net earnings accounts are closed to retained earnings, a component of shareholders' equity.) (Do Blue not round intermediate calculations. Enter any decreases to account balances with a minus Purple Show Options sign.) ng kkar x Answer is not complete. Statement of Financial Position Statement of Earning 2. Select the best subject Date Assets Liabilities Shareholders' Revenues Expenses Equity 3. Enter the course Mc Graw Hill 41 1,382 tv 4x Answer is not complete. Statement of Financial Position Statement of Earnings Date Assets Liabilities Shareholders' Net Equity Revenues Expenses Earnings Note 1: April 1 (current year) 36,000 V OV OV OV (36,000) V December 31 (current year) 1,080 V 1,080 1,080 1,080 March 31 (next year) 360 V 360 V 360 V Note 2: August 1 (current year) 36,000 36,000 OV OV December 31 (current year) OV 750 V (750) 750 V (750) V January 31 (next year) (150) OV 150 V (150)