Gentry Co. wholesales bathroom fixtures. During the current fiscal year, Gentry Co. received the following notes:

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) inJanuary.

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Date Face Amount Interest Rate 8% 12 ferm 2. 3. 4 5. 6. March 3 June 15 Aug. 20 Oct. 31 Nov. 23 Dec. 27 32,000 19,000 10,800 11,500 15,000 8,500 60 days 30 days 120 days 60 days 60 days 30 days 12