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Christie Realty loaned money and received the following nates during 2018. EEB (Click the icon to view the notes received.) Read the requirements Data Table
Christie Realty loaned money and received the following nates during 2018. EEB (Click the icon to view the notes received.) Read the requirements Data Table Cash 25.000 Joumalize the single adjusting entry to record accrued interest revenue on any applicable note(s) on December 31, 2018, the fiscal year-end. Note Date Principal Amount Interest Rate Term 13% (1 Apr. 1 24.000 year Date Accounts and Explanation Debit Credit (2 10% 9 months Jun. 30 26.000 2018 3,840 (3 Sep. 19 25.000 5% 90 days Interest Receivable Dec. 31 3.640 Interest Revenue Print Done Now journalize the collection of principal and interest maturity the three notes. Explanations are not required. (Record debits first i llection of principal and interest at maturity for note (1). Requirements Journalize the Accounts and Explanation Date Debit Credit 2019 1. Determine the maturity date and maturity value of each note Cash 27120 Apr. 1 2. Jounalize the entries to establish each Note Receivable and to record principal and interest at maturity. Include a single adjusting entry on December 31, 2018, the fiscal year-end, to record accrued interest revenue required. Round to the nearest collection 24000 Note Receivable (Note 1) Interest Receivable yapplicable note. Explanations are dollar Interest Revenue Choose from any list Print Done r enter any number in the input fields and then click Check
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