View Policies Current Attempt in Progress On December 31, 2020, Tobita Company had the following balances reported on its balance sheet: Notes Receivable $16,500 Interest Receivable $92.25 The following information is available for the notes receivable reported on December 31, 2020. Customer Note Principal Interest Rate Issue Date Term Interest Accrued 1 E. Tessier $4,500 5.00% Nov. 1, 2020 3 months $37.50 2 R. Wolde 4,500 4.60% Nov. 30, 2020 5 months 17.25 3 D. Deng 7,500 6.00% Dec. 1, 2020 1 year 37.50 Total $16,500 Total $92.25 -/16 All notes require that the interest be paid on the maturity date of the note. All amounts owing on the notes were paid on time. Tobita December 21 the com ENG All notes require that the interest be paid on the maturity date of the note. All amounts owing on the notes were paid on time. Tobita prepares annual adjusting entries on December 31, the company's year end. Additional transactions of 2021: Mar. 1 Oct. 30 Dec. 1 Received a $10,500, twelve-month, 5.00% note from T. Lalonde in settlement of an accounts receivable. Interest is due at maturity. Received a $3,900, three-month, 4.60% note from J. Han in settlement of an accounts receivable. Interest is due at maturity. Provided a $10,000 loan to Morgan Industriesin exchange for a two-year, 6.00% note with interest due at maturity. Interest on the note is payable each year on November 30. Walk indented Question 4 of 7 < -/16 Prepare all required journal entries related to the notes receivables during 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.50.) Date Account Titles and Explanation Debit Feb. 1 Cash Notes Receivable - E. Tessier Interest Receivable Interest Revenue Credit 4556.25 Mar. 1 V Notes Receivable - T. Lalonde 10500 Accounts Receivable Apr. 30 Cash Q 4592.25' 99+ DOLL 4500 37.5 18.75 10500 0 M ENG US 12:57 AM 2022-07-21 Prepare any adjusting entries required on December 31, 2021 related to the notes receivables. (Credit account titles are automatically indented when the amount is entered. Do not indent manually, Round ariswers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Dec. 31 Interest Receivable Interest Revenue eTextbook and Media Debit Credit 77 W Show the amount and presentation for interest revenue on Tobita's multiple-step income statement for the year ended December 31, 2021. (Round answer to 2 decimal places, e.g. 52.75.) Classification Interest revenue eTextbook and Media Amount $ Show how the notes receivable will be reported on Tobita's classified balance sheet on December 31, 2021. There were no uant Accate in order of liquidity. Round answers to 2 decimal places, Show how the notes receivable will be reported on Tobita's classified balance sheet on December 31, 2021. There were no estimated uncollectible amounts for the notes receivable. (List Current Assets in order of liquidity. Round answers to 2 decimal places, eg. 52.75.) eTextbook and Media Tobita Merchants Balance Sheet (Partial) $ 99+ (DEL) O ENG US 12:58 AM 2022-07-21