Question: Use the provided partial chart of accounts when preparing general journal entries in the space provided below. Chart of Accounts Cash Accounts Receivable Allowance for


Use the provided partial chart of accounts when preparing general journal entries in the space provided below. Chart of Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Interest Receivable Office Equipment Machinery Accumulated Depreciation Accounts Payable Interest Payable Common Stock Retained Earnings Sales Interest Revenue Bad Debt Expense Depreciation Expense Insurance Expense Interest Expense Gain on Sale of Asset Loss on Sale of Asset On March 1st, Wholesaler's Warehouse agrees to accept a $2,000, 90-day, 5% note receivable as payment frontament de taille Ileathic infantis the bat t ebavata LUJU UN JACUI 1550L On March 1st, Wholesaler's Warehouse agrees to accept a $2,000, 90-day, 5% note receivable as payment for a customer's past due account receivable. Use this information and the chart of accounts above to answer the following questions: a. What journal entry is required on Wholesaler's Warehouse's books when the note receivable is accept in replace of the account receivable on March 1st? b. What is the maturity date of the note? (show your calculations) c. What journal entry is required on Wholesaler's Warehouse's books on the note maturity date if the note is paid as agreed? (Round all calculations to the nearest whole dollar and show your calculations.) (Write journal entries in proper journal entry format. Do not abbreviate when writing journal entries and make sure you identify which line is the Debit (DR) and which line is a Credit (CR) using one of the following examples.) Example 1: DR Cash 4,000 CR Revenue 4,000 OR Debit Credit Example 2: Cash 4,000 Revenue 4,000 OR Example 3: Debit Cash 4,000 and Credit Revenue 4.000 HTML Editora 1 B I VA -A- IE VW G x X, SE 1 12pt - Paragraph D -
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