Question: please answer all parts from the data - thanks! Requirement 1. Determine the maturity date and maturity value of each note. (For each applicable note,




please answer all parts from the data - thanks!
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 Data Table Term 1 year 6 months Date Note (1) Apr. 1 (2) Sep. 30 Principal Amount Interest Rate 8% 14% 13% Month/Day Year Maturity value 16,000 20,000 16,000 Sep. 19 90 days Note Date Principal Amount 16,000 20,000 16,000 Interest Rate 8% 14% 13% Term 1 year 6 months Requirement 2. Journalize the entries to establish each Note Receivable and to record collection of principal and interest at(1 on any applicable note. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Excl Apr. 1 (2) Sep. 30 Sep. 19 Begin with the journal entry to establish note 1 90 days Date Accounts and Explanation Debit Credit Requirement 2. Joumalize 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 dolar. (Record debits first, then credits. Exclude explanations from journal entries.) Begin with the journal entry to establish note 1 Data Table Date 2018 Apr. 1 Accounts and Explanation Debit Credit Note Date Principal Amount Interest Rate 8% 14% 13% Term Apr. 1 Sep. 30 Sep. 19 16,000 20,000 16,000 1 year months Joumalize the entry to establish note 2. 90 days Credit Date 2018 Sep. 30 Accounts and Explanatiorn Debit PrintDone Journalize the entry to establish note 3. Accounts and Explanation Date 2018 Sep. 19 Debit Credit Data Table Note Date Principal Amount Interest Rate 8% 14% 13% Term 1 year 6 months (1) Apr. 1 Sep. 30 Sep. 19 16,000 20,000 16,000 Journalilze the single adjusting entry to record accrued interest revenue on any applicable note(s) on December 31, 2018, the fiscal year-end. 90 days Date 2018 Dec. 31 Accounts and Explanation Debit Credit Print Done Journalize the collection of principal and interest at maturity for note (3) Note (1) Apr. 1 (2) Sep. 30 (3) Sep. 19 Date Principal Amount Interest Rate Term 1 year 6 months Date Accounts and Explanation Debit Credit 16,000 20,000 16,000 8% 1496 13% 90 days Print Done
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