Date Term 1. 6 Details of Notes Receivable and Related Entries Gen-X Ads Co. produces advertising videos. During the current fiscal year, Gen-X Ads Co. received the following notes: Face Amount Interest Rate Apr. 10 $87,000 4% 60 days 2. June 24 14,400 30 days 3. July 1 72,000 6 120 days Oct. 31 72,000 60 days Nov. 15 90,000 60 days 180,000 30 days Required: 4. 5 5. 6 6. Dec. 27 4 Assume 360 days in a year. 1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. Dec. 31 Interest Receivable 675 X Interest Revenue 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January. If an amount box does not require an entry, leave it blank or enter "0". ) Jan. 14 Cash Notes Receivable Interest Receivable Interest Revenue III III llll 1.10 Jan. 26 Cash Notes Receivable Interest Receivable Interest Revenue