Question: Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to decimal places. es. 825. Round annual interest

 Presented below are data on three promissory notes. Determine the missing
amounts. (Round answers for Total Interest to decimal places. es. 825. Round

Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to decimal places. es. 825. Round annual interest rate to decimal places, es. 15%. Use 360 days for calculation) Date of Note April 1 Maturity Date Principal Annual Interest Rate Total Interest (a) May 31 $610,000 15 96 $ Terms 60 days 30 days 6 months (b) July 2 August 1 84,000 % 5 lo March 7 September 7 110,000 16 % $ 2021 May Dec 2022 May Received a $3,300, 12-month 7% note in exchange for an outstanding account receivable from R. Stonex Accrued interest revenue on the Stoney note. 31 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 20211 Record the transactions to the general journal. The company does not make entries to accrue interest except at December 31 Credit accountitles are automatically indented when amount is entered. Do not indent moneyRecord journal entries in the order presented it the problem Date Account Titles and Explanation Debit Credit Presented below are data on three promissory notes. Determine the missing amounts. (Round answers for Total Interest to decimal places. es. 825. Round annual interest rate to decimal places, es. 15%. Use 360 days for calculation) Date of Note April 1 Maturity Date Principal Annual Interest Rate Total Interest (a) May 31 $610,000 15 96 $ Terms 60 days 30 days 6 months (b) July 2 August 1 84,000 % 5 lo March 7 September 7 110,000 16 % $ 2021 May Dec 2022 May Received a $3,300, 12-month 7% note in exchange for an outstanding account receivable from R. Stonex Accrued interest revenue on the Stoney note. 31 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 20211 Record the transactions to the general journal. The company does not make entries to accrue interest except at December 31 Credit accountitles are automatically indented when amount is entered. Do not indent moneyRecord journal entries in the order presented it the problem Date Account Titles and Explanation Debit Credit

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