Having trouble with this problem:

1. Determine the maturity date, interest and the maturity value for each of the following notes. Note 1--- \$12,000, 9\%, 4-month note dated April 1, 2020. Note 2--- \$15,000, 12\%, 85-day note, dated September 18, 2020. 2. Assume the company prepares financial statements as of June 30,2020. Prepare any adjusting entry that might be required for Note 1 as of June 30 . If no entry would be required then write "no entry required". 3. Assume the note dated September 18 was received when your customer (I. Cantpay) was granted an extension on his past due accounts receivable. Prepare the journal entry that would be made on September 18. 4. Prepare the journal entry required at the date of maturity if the note that originated on September 18 was dishonored at maturity. Problem 2 Part 1 Note 1 Maturity Date Interest Maturity Value Note 2 Parts 2, 3 and 4 General Journal Date Acoount Debit Credit