Question Content Area Notes Receivable On September 1, 2017, Dougherty Corp. accepted a six-month, 7%, $31,200 interest-bearing note from Rozelle Company in payment of an account receivable. Dougherty's year-end is December 31. Rozelle paid the note and interest on the due date. Assume 360 days in the year. Required: Question Content Area 1. Who is the maker and who is the payee of the note? The maker is Rozelle Company and the payee is Dougherty Corp. . 2. What is the maturity date of the note? March 31, 2018 Question Content Area 3. Identify and analyze the effect of the transactions or adjustments to be recorded on each of the following dates: a. September 1, 2017 Activity Accounts Statement(s) Question Content Area How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Income Statement Stockholders' Net Assets = Liabilities Equity Revenues - Expenses = Income Notes Receivable fill in the blank cdacf5fee014fb8_2 31,200 No Entry fill in the blank cdacf5fee014fb8_4

\fHow does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry\" and leave the amount box blank. If the effect on a nancial statement item is negative, i.e, a decrease, be sure to enter the answer w'th a minus sign. Balance Sheet Income Statemen Net Stockholders' Assets = Liabilities + Equity Revenues e Expenses = Income Notes Receivable No Entg V C] Accounts Receivable v No Ent V :l No Ent ' C] No Entg V C] E] No Entry V b. December 31, 2017 Act itY Acc ou nts State ment(s) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry\" and leave the amount box blank. If the effect on a nancial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Do not round intermediate calculations. If required, round your final answer to the nearest dollar. Balance Sheet Income Statement Net Stockholders' Equity Revenues , Expenses 7 Assets 7 Interest Revenue ' Interest Receivable \f