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 Date Term Interest Rate 1. Apr. 10 $66,000 60 days 4 % 2 June 24 30 days 6 3. July 1 6 Oct. 31 13,200 27,000 27,000 72,000 162,000 120 days 60 days 60 days 9 5. Nov. 15 6 6. Dec. 27 30 days 4 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) (2) (3) (5) (6) 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 or enter "0". 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31 Dec. 31 Determine for each note (a) the due date and (b) the amount of interest due at maturity, Identifying each note by number Hote (a) Due Date (b) Interest Due at Maturity 1) 2) 3) 4) 5) (6) 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 or enter"0" 5. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31 Dec. 31 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 to Note 5 Note 6 10