Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Ne a. January 5* $90,000 6% Term of Note 120 days 30 days b. February 15 21,000 C. May 19 68,000 45 days 34,400 d. August 20 e. October 19 90 days 90 days 50,000 * Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. Note Due Date Interest May 4 Mar. 16 July 3 Nov. 18 Jan. 17 U Leam Proyess Talse Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot's credit terms are n/30 As of the end of business on October 31, the following accounts receivable were past due: Account Avalanche Auto Due Date Bales Auto August 15 Amount October 4 $12,000 Derby Auto Repair Lucky's Auto Repair June 26 2,400 Pit Stop Auto 3,900 Reliable Auto Repair September 10 September 24 July 2 6,600 Trident Auto 1,100 9,750 Valley Repair & Tow August 25 May 23 1,800 Determine the number of days each account is past due as of October 31. 4,000 Account Due Date Avalanche Auto Number of Days Past Due August 15 Bales Auto October 4 Derby Auto Repair June 26 Lucky's Auto Repair September 10 Pit Stop Auto September 24 Reliable Auto Repair July 2 Trident Auto August 25