Question: Ultra S 18:16 0 7 99% X Chapter 9 Problems Series A PR 9-4A Details of Notes Receivable and Related Entries OBJ. 6 - Describe

 Ultra S 18:16 0 7 99% X Chapter 9 Problems Series

Ultra S 18:16 0 7 99% X Chapter 9 Problems Series A PR 9-4A Details of Notes Receivable and Related Entries OBJ. 6 - Describe the accounting for notes receivable. Flush Mate Co. wholesales bathroom fixtures. During the current fiscal year, Flush Mate Co. received the following notes: Date Face Interest Term https:ing.cengage.com/staticinb/ui/evo/index.html?:ISBN=9781337913096&id=719859447&bid=1605766&snapshotld=1605766&dockAppUid= 101& 5/B 4/9/2021 Print Preview Amount Rate 1 . Mar. 6 $80,000 5% 45 days 2. Apr. 23 24.000 9 60 days 3. July 20 42,000 6 120 days 4 Sept. 6 54,000 90 days 5. Nov. 29 27,000 60 days 6 Dec. 30 72,000 5 30 days Instructions 1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. 2. Journalize the entry to record the dishonor of Note (3) on its due date. 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January. PR 9-5A Noto drivable Entries Apr. 10. Received a $144,000, 5%, 60-day note on account

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