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.$)$

Requirements

Determine the maturity date and maturity value of each note.

Journalize the entries to establish each Note Receivable and to record collection of principal and interest at maturity. Include a single adjusting entry on December $31,2024,$ the fiscal year$-$end, to record accrued interest revenue on any applicable note. Explanations are not required. Round to the nearest dollar.

Data table

$\backslash$table$[[$Note$,$Date,$\backslash$table$[[$Principal$],[$Amount$]],$Interest Rate,Term,$],[$Note $(1),$Apr. $1,$$$,16,000,8\%,1$ year$],[$Note $(2),$Jun. $30,24,000,9\%,9$ months,$],[$Note $(3),$Sep. $19,26,000,12\%,90$ days,$]]$