Details of Notes Receivable and Related Entries Gen-X Ads Co. produces advertising videos. During the current year ending December 31, Gen-X Ads received the following notes: Face Amount Term Interest Rate $33,000 Date 1. Jan. 14 2. Mar. 9 3. July 12 4. Aug. 23 5. Nov. 15 6. Dec. 10 + Ni 60,000 48,000 16,000 36,000 24,000 30 days 45 days 90 days 75 days 60 days 60 days 00 Required: 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. Note (a) Due Date (b) Interest Due at Maturity (1) Feb. 13 Apr. 23 Oct. 10 Nov. 6 Jan. 14 Feb. 8 2. Journalize the entry to record the dishonor of Note (3) on its due date. If an amount box does not require an entry, leave it blank. Accounts Receivable Notes Receivable Interest Revenue Feedback Check My Work 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. If an amount box does not require an entry, leave it blank. Dec. 31 Interest Receivable Interest Revenue Feedback Check My Work 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February. If an amount box does not require an entry, leave it blank. Note 5 Cash Notes Receivable Interest Receivable Interest Revenue Note 6 Cash Notes Receivable Interest Receivable 1100 Interest Revenue