PART D: NOTES RECEIVABLE AND NOTES PAYABLE - Discount Method Mia has asked you to journalize...

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PART D: NOTES RECEIVABLE AND NOTES PAYABLE - Discount Method Mia has asked you to journalize the life of the following three promissory notes using Method 2 - Discount Method. Fiscal Year end is March 31. Fiscal Year Ends March 31 Type Face Interest of Value Note without Rate % Time Day of Issue Maturity Date Total Interest on Note Interest 1 N/R $100 000 12.58 16 months Feb 1 2 N/P $10,000 10.00 8 months Jan 31 3 N/R $5.000 8.89 45 days Mar 1 14 D 4 N/P $21 500 7.75 88 day Feb 12 PART D: NOTES RECEIVABLE AND NOTES PAYABLE - Discount Method Mia has asked you to journalize the life of the following three promissory notes using Method 2 - Discount Method. Fiscal Year end is March 31. Fiscal Year Ends March 31 Type Face Interest of Value Note without Rate % Time Day of Issue Maturity Date Total Interest on Note Interest 1 N/R $100 000 12.58 16 months Feb 1 2 N/P $10,000 10.00 8 months Jan 31 3 N/R $5.000 8.89 45 days Mar 1 14 D 4 N/P $21 500 7.75 88 day Feb 12