Question: Practical Question:Notes Receivable and Interest (15 marks) A company received the folowing notes during 2019. NOTE DATE PRINCIPAL INTEREST AMOUNT RATE (a) August 30 $9.000

Practical Question:Notes Receivable and Interest (15 marks) A company received the folowing notes during 2019. NOTE DATE PRINCIPAL INTEREST AMOUNT RATE (a) August 30 $9.000 b) November 19 12.000 (0) Dec 1 15,000 5% (d) Dec 1 20.000 6% TERM 3months 60 days 1 year 2years 1 Determine the due date of each note 2 Journalize a single adjusting entry at December 31, 2019 of each note to record accrued interest revenue on the notes

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