Question: Step 3: JOURNAL ENTRIES 3A) Complete the Journal Entry that would record your Interest Payable on Notes on Dec 31, 2022 (important to note

Step 3: JOURNAL ENTRIES 3A) Complete the Journal Entry that would record

Step 3: JOURNAL ENTRIES 3A) Complete the Journal Entry that would record your Interest Payable on Notes on Dec 31, 2022 (important to note that interest payable is recorded monthly, following the rules of the accrual method of accounting) Date Account Name Dr. 3B) Complete the journal entry that would record your Notes Payable and Interest at Jan 31, 2023 after the note has been settled in full. Date Account Name Dr. Cr. Cr. Step 4: ANALYSIS Take a look at the resulting financial statements below and provide calculations for the following: 4A) What is your Receivables Turnover Ratio? 4B) What is your Days to Collect? 4C) What is your Fixed Asset Turnover Ratio? 4D) What is your Return on Equity Ratio? 4E) What is your Times Interest Earned? Show your formula in this column for each of the ratios.

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