Question: Data table Note Date Principal Amount (1) Oct 23 $ 15,000 11% Interest Rate Term 1 year (2) Sep 30 11,000 12% 2 months (3)

Data table Note Date Principal Amount (1) Oct 23 $ 15,000 11% Interest Rate Term 1 year (2) Sep 30 11,000 12% 2 months (3) Oct 7 6,000 9% 30 days Print Done - Requirement 1. Identifying each note by number, compute the total interest on each note over the note term using a 360-day year, and determine the due date and maturity value of each note Round interest calculations to the nearest dollar Start by determining the due date of each note, and then calculate the total interest and maturity value of each note. (Enter years as four digit numbers. Calculate total interest on each note based on the term of the note. For example, use months if the note term is expressed in months and use days if the note term is expressed in days.) Due date Note Month/Day Year Interest Maturity value (1) Oct 23 2019 11% 1650 (2) Nov 30 2018 12% 220 (3) Nov 6 2018 9% 45 Requirement 2. Journalize a single adjusting entry on October 31, 2018, to record accrued interest revenue on all three notes. Round interest calculations to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Calculate accrued interest on each note based on the term of the note. For example, use months if the note term is expressed in months and use days if the note term is expressed in years or days. Use a 360-day year. Round intermediary and final answers to the nearest cent.) Date 2018 Oct 31 Journal Entry Accounts Debit Credit Requirement 3. For note (1), journalize the collection of principal and interest at maturity. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round amounts to the nearest dollar) Date Oct 2019 23 Journal Entry Accounts Debit Credit

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