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: Date Face Amount Interest Rate Term Apr. 10 $60,000 60 days 2. June 24 13,200 6 30 days 3. July 1 36,000 6 120 days Oct. 31 36,000 9 60 days 5. Nov. 15 72,000 6 60 days 6. Dec. 27 144,000 30 days 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 (a) (b) Note Due Date Interest Due at Maturity (1) (2) (3) (5) (6) Check My Work Previou How Me How 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 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 III) 1110 111 1110 Jan. 26 Check My Work Previous