CH. 8- HW

Q: #4

Chapter 8 - Homework Assignment book Show Me How Details of Band Retries On Adis os produces advertising videos. During the current year ending December 31, Gen-X Ads received the following notes Date Interest Rate 4 1 Face Amount 333.000 60,000 Jan 14 2 Mats 7 3. 48,000 Term 30 days 45 days 90 days 75 days 60 days 60 days Say 12 Aug. 23 New. 15 5 5 16,000 36.000 5 Dec 10 24,000 Required: Am 30 days in a ver 1. Determine for eact) the due date and the amount of interest due at maturity, identifying each note by numbet, Note (a) Due Date (b) Interest Due at Maturity 11) Feb 13 Oct 10 NA My W Previous Now) Agensi All work ta Save and Sun Grade 3 $ 4 8 7 2 5 6 8 9 0 Chapter 8 - Homework Assignment ebook Show Me How A 360 days in a yea 1. Determine for each ote (a) the due date and () the amount of interest out at maturity, identifying each note by number Note (a) Due Date (b) Interest Due at Maturity (1) . (2) Apr 23 (3) Oct 10 . (0) Nov. - 15) Jan 14 (6) 2. Journal the entry to record the dishonor of Note (3) on its due date. If an amount box does not require an entry leave it bank Accounts Receivable Not Receivable Accounting umerie Field 2. Journage the justing entry to record the accrued interest on Notes (5) and (6) on December 31 Dec. 31 Interesse Intereste ko Previous Nee Sear: 19% All work Emain Save and Subu Asant for Grade Q Chapter 8 - Homework Assignment BOOK Show Me How 2. Journalise the entry to record the shore of Note (*) on its de cet an amount bon does not require an entry leave it blank Accounts Receivable Notes Receivable Interest Revenue 3. Source the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31 Dec 31 Interest Leceivable Interest Revenue 4. Journalia the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February. If an amount bok does not require an entry, leave it blank Note 5 Cash Notes Receivable Interest Receivable Interest Raven Now Cost Notes Receivable Interest Receivable Interesteenus inn Check My Wik Previous Next Assim com% All work ved Save and Sunt for Chapter 8 - Homework Assignment Show Me How 3. Journal the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31 Dec 11 tereceivable Interest Revenge 4. Journaline the entries to record the receipt of the amounts ove on Mobes (5) and (6) Inary and February. If an amount box does not require an entry, leave it bunk. Nos Sush Notes Receivable Interest Receivable Interest Levenue Cash Notes Berivati Intersecev LOLL HY WA Previous All works