Journalize the entry to establish note 3 Debit Credit Date Accounts and Explanation 2018 Sep. 19 20.000 Note Receivable (Note 3) Cash 20,000 Journalize the single adjusting entry to record accrued interest revenue on any applicable note(s) on December 31, 2018, the fiscal year-end. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Interest Receivable Interest Revenue Choose from any list or enter any number in the input fields and then click Check Answer 2 5 Clear All parts remaining P8-32A (similar to) Franny Really loaned money and received the following notes during 2018 (Click the icon to view the notes received) Read the requirements Requirement 1. Determine the maturity date and maturity value of each note. (For each applicable note, compute interest using a 365-day year. Round to the nearest dollar Due date Note Date Principal Amount interest Rate Term Month Day Year Maturity value (1) Od. $ 22.000 1 year Oct 1 2019 S 24,860 (2) Sep 30 16,000 5% 6 months Mar 30 2019 16.400 (3) Sep 19 20 000 90 days Dec 18 2018 20.542 13% Requirement 2. Journalize the entries to establish each Note Receivable and to record collection of principal and interest at maturity Include a single adjusting entry on December 31 Explanations are not required. Round to the nearest dollar (Record debits first the credits Exclude explanations from journal entries.) Begin with the journal entry to establish note 1 Date Accounts and Explanation Debit Credit 2018 Oct Not Receivable (Note 1) 22 000 Cash Journalize the entry to establish note 2 Choose from any list of ente y number in the input reds and then chok Che Answer 3 parts CAL Due date Month/Day Year Maturity value Oct 1 2019 $ 24,860 Requirements 2018, nd to record cd irst, then credi 1. Determine the maturity date and maturity value of each note. 2. Journalize the entries to establish each Note Receivable and to record collection of principal and interest at maturity. Include a single adjusting entry on December 31, 2018, the fiscal year-end, to record accrued interest revenue on any applicable note. Explanations are not required. Round to the nearest dollar 1.000 Print [Done] Check Answer Clear All for each applicable note, compute meest July Due date Month/Day Year Maturity value Oct 1 2019 $ 24,860 Data Table 201 record col hen credits Note Term Credi Date Oct. 1 Sep 30 Sep. 19 Principal Amount Interest Rate 22,000 16,000 20.000 11% 13% 5% (2) 1 year 6 months 90 days Print Done