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: Interest 1. Date Apr. 10 Face Amount Rate Term $69,000 4% 60 days 2. June 24 12,000 6 30 days 3. July 1 45,000 6 120 days 4. Oct. 31 45,000 5 60 days 5. Nov. 15 90,000. 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) June 9 460 (2) July 24 60 (3) Oct. 29 900 (4) Dec. 30. 375 (5) Jan. 14 900 (6) Jan. 26 480 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 Oct. 29 Bad Debt Expense Notes Receivable Interest Revenue 45.900 45.000 900 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 b Dec. 31 Interest Receivable Interest Revenue 88 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 Jan 14 Cash Notes Receivable Interest Receivable Interest Revenue Cash Notes Receivable Interest Receivable Interest Revenue Check My Work 4 more Check My Work uses remaining All wors saved Sea Eaton Auger Gary