Question: This is my second attempt on this question, the last person was wrong. The original problem is found here https://www.chegg.com/homework-help/questions-and-answers/11-katy-realty-loaned-money-received-following-notes-2018-click-icon-view-notes-received-r-q39689006?trackid=jqb8OPAd 11. Katy Realty loaned money

This is my second attempt on this question, the last person was wrong. The original problem is found here

https://www.chegg.com/homework-help/questions-and-answers/11-katy-realty-loaned-money-received-following-notes-2018-click-icon-view-notes-received-r-q39689006?trackid=jqb8OPAd

This is my second attempt on this question, the last person waswrong. The original problem is found here https://www.chegg.com/homework-help/questions-and-answers/11-katy-realty-loaned-money-received-following-notes-2018-click-icon-view-notes-received-r-q39689006?trackid=jqb8OPAd 11. Katy Realty loanedmoney and received the following notes during 2018 (Click the icon to

11. Katy Realty loaned money and received the following notes during 2018 (Click the icon to view the notes received.) Read the requirements 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.) Interest Rate Term Note (1) (2) (3) Date Oct. 1 Sep. 30 Sep. 19 Principal Amount $ 12,000 28,000 20,000 Due date Month/Day Year Maturity value Oct. 1 2019 $ 12.960 Mar. 30 2019 29,880 Dec. 18 2018 20,345 1 year 6 months 90 days 12% 7% Requirement 2. 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, 2018, the fiscal year-end, to record acorued interest revenue on any applicable note. Explanations are no required. Round to the nearest dolar. (Record debits first, then credits. Exclude explanations from journal entries.) Begin with the journal entry to establish note 1. Date Accounts and Explanation Debit Credit 2018 Oct. 1 Note Receivable (Note 1) 12,000 Cash 12,000 Journalize the entry to establish note 2. Date Accounts and Explanation Debit Credit 2018 Sep. 30 28,000 Note Receivable (Note 2) Cash 28,000 Journalize the entry to establish note 3. Date Accounts and Explanation Debit Credit 2018 Sep. 10 Note Receivable (Note 3) Cash 20,000 20,000 Note Receivable (Note 3) Cash Interest Expense Interest Payable Interest Revenue Note Payable Note Receivable (Note 1) (11) Note Receivable (Note 2) Note Receivable (Note 3) (10) O O Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) 2018 2019 (12) O O Dec. 18 Dec. 31 (13) O O Cash Interest Expense Interest Payable Jan. 1 Oct. 1 Mar. 30 Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) Note Receivable (Note 2) Note Receivable (Note 3) (14) O Note Receivable (Note 2) Note Receivable (Note 3) Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) (15) O Note Receivable (Note 2) Note Receivable (Note 3) Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) (16) O (17) O Note Receivable (Note 2) Note Receivable (Note 3) Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) 2018 2019 (18) Dec. 18 Dec. 31 (19) O Note Receivable (Note 2) Note Receivable (Note 3) Jan. 1 Oct. 1 Mar. 30 Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) (20) O Note Receivable (Note 2) Note Receivable (Note 3) Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) (21) Note Receivable (Note 2) Note Receivable (Note 3) Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1) (22) O Note Receivable (Note 2) Note Receivable (Note 3) Cash Interest Expense Interest Payable Interest Receivable Interest Revenue Note Payable Note Receivable (Note 1)

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