Unit Exercises 4 Question 1 Multi Media Ltd. completed the following transactions: September 14, 2016: Provided services to Inga Corporation on account, $3,000, terms 30 days. November 1, 2016: Accepted a one-year, 12% note from Inga Corporation to settle its account. December 31, 2016: Accrued interest on the note from Inga Corporation (round to the nearest dollar). November 1, 2017: Received amount due from Inga Corp on. 1. Record entries for the above transactions. Question 2 1. Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Round your answers to the nearest dollar. Maturity Principal Rate $10,000 $25,000 A $50,000 $36,000 Interest 10% 12% 6% B 9% Duration 120 days 180 days 60 days D Interest Value E $2,515 $2,959 $493 F H 1 J $36,710