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Christie Realty loaned money and received the following notes during 2018. (Click the icon to view the notes received.) Read the requirements Requirement 1. Determine
Christie Realty loaned money and received the following notes during 2018. (Click the icon to view the notes received.) Read the requirements Requirement 1. Determine the maturity date and maturity value of each note. (For each applicable note, compute interest using a 365-day year. Round to the nearest dollar.) Due date Note Date Interest Rate Term Principal Amount Month/Day Year Oct. 1 8% 1 year Note (1) Note (2) Note (3) Sep. 30 18% 6 months Jun. 19 14,000 9% 180 days Jan. 1 Data Table Oct. 1 Requirements Dec 31 Note Principal Amount Date Interest Rate Term Note (1) Oct. 1 $ 26,000 8% 1. Determine the maturity date and maturity value of each note 2. Journalize the entries to establish each Note Receivable and to record collection of principa and nterest at maturity. Include a single adjusting entry on December 31, 2018, the fisca year-end, to record accrued interest revenue on any applicable note. Explanations are not required. Round to the nearest dollar. Note (2) Sep. 30 28.000 6 months Note (3) Jun 19 14.000 99% 180 days Done Print Done e parts Charl Mas
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