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awnser Crown Point Corporation adjusts its books monthly. On September 30,2021 , notes receivable include the following: Interest is due at maturity for the RES

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awnser
Crown Point Corporation adjusts its books monthly. On September 30,2021 , notes receivable include the following: Interest is due at maturity for the RES and Dragon notes. Interest is due on the first day of the month for the lhara and MGH notes. At September 30 , the balance in the Allowance for Doubtful Notes account is nil. In October, the following selected transactions were completed. Oct. 1 Received the interest due from thara. 31 Received notice that Dragon was unable to pay its note as scheduled. It expects to be able to pay in the future. 31 The RES note matured and was received in full. 31 Accrued interest on the thara and MGH notes. 31 Analyzed the remaining notes for collectibiity, Estimated that $17,400 of notes may not be collectible in the future 31 Analyzed the remaining notes for collectibility. Estimated that $17,400 of notes may not be collectible in the future because of significant labour issues currently being experienced by Ihara. a) Calculate the balance in the interest Receivable and Notes Receivable accounts at September 30, 2021. (Round answers to 0 decimal ploces,es. 5,275.) Balance in the interest Receivable \$. Balance in the Notes Receivable Record the October transactions. (List all debit entries before credit entries. Credit account tities are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter ofor the amounts. Round answers to the nearest whole dollar, eg. 5,275.) (To record collection of note and interest) (To record accrual of interest) (To record estimate of uncollectible

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