Kitimat Corporation adjusts its books monthly. On November 30, 2018, notes receivable include the following:

Interest is due at maturity for the Kootenay and Namu notes. Interest is due on the first day of each month for the Cassiar and Siska notes. At November 30, the balance in the Allowance for Doubtful Notes account is nil. In December, the following selected transactions were completed.
Dec. 1 Received the interest due from Cassiar and Siska.
31 Received notice that Namu was unable to pay its note as scheduled. It does not expect to be able to pay in the future.
31 The Kootenay note matured and was received in full.
31 Accrued interest on the Cassiar and Siska notes.
31 Analyzed the remaining notes for collectibility. Estimated that $20,000 of notes may not be collectible in the future because of significant economic issues currently being experienced by Siska.
Instructions
(a) Calculate the balance in the Interest Receivable and Notes Receivable accounts at November 30, 2018.
(b) Record the December transactions.
(c) Prepare T accounts for the Interest Receivable, Notes Receivable, and Allowance for Doubtful Notes accounts.
(d) Show the statement of financial position presentation of the receivables accounts at December 31.

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Issue Date Mar. 31, 2018 Kootenay Inc. May 31, 2018 Cassiar Ltd. Aug. 31, 2018 Namu Limited Sept. 30, 2018 Siska Corp. Maker Principal Interest Te $17,000 15,000 6,000 20,000 rm 696 9 months 46 18 months 7% 4 months 5% 16 months