. 7 HW Book Notes Receivable On September 1, 2016. Seacrest Inc. accepted a six-month, 7%, $52,200 interest-bearing note from Delgado Enterprises in payment of an account receivable. Seacrest's year-endis December 31. Delgado paid the note and interest on the due date. Assume 360 days in the year. Required 1. Whos the maker and who is the payee of the note? The maker is Delgado Enterprises and the payer's Seacrest Inc. 2. What is the matury date of the note? March 1, 2017 Net 3. Prepare all necessary journal entries that Seacrest Inc. needs to make in connection with this note. How does this entry affect the accounting equation? Indicate the effect on financial statement items by selecting for decrease or negative effect), for increase or positive effect) and "Ne for No Entry(or no effect on the financial statement Journal Balance Sheet Income statement Stockholders Date Description Debit Credit Liabilities Equity Revenues tapetes 2015 Sept. Not Receivable 52,200 1 Income 52,200 Accounts Receivable How does this yet the contingut Indicate the effect on financial statem by selecting to create or negative effect." for increase (or contive effect and for Nontornettet) on the latest Balance sheet Income Statement Previous CHHy word Alle and Ent Sighed for at Anton MacBook Air 20 DOO TE Ch. 7 HW ndicate the effect on financial statement items by electing for decrease (or negative effect), "*" for increase for positive effect) and "Ne" for No Entry(or no effect on the francial statement Journal Balance sheet Income Statement Stockholders bate Description Debit Credit Llabilities Equity Revenues Expenses 016 Dec Interest Receivable 1,218 We Asta Income 1,218 Interest Revenue Owes this entry affect the Mounting equation cate the canal statements by electing for decorative effect, for increase ortive and for entry for no effect on the ancial statement. Journal Balance sheet Income Statement Stockholders Date Description Debit Credit Assets Liabilities + Equity Revenues Expenses 017 tar Canh 53,410 Net Income 1,218 Interest Receivable Interest Revenue 609 Notes Receivable 52,200 Check My Work Previous Net signant Score 20% At works Save and Exit Suttet for Gradi