1. 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:

   	Date	Face Amount		Term		Interest Rate
   1.	Apr. 10	$96,000		60	days	4	%
   2.	June 24	18,000		30	days	6
   3.	July 1	63,000		120	days	6
   4.	Oct. 31	63,000		60	days	9
   5.	Nov. 15	72,000		60	days	6
   6.	Dec. 27	162,000		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)		$fill in the blank ebc75a0e0045fd1_2
   (2)		fill in the blank ebc75a0e0045fd1_4
   (3)		fill in the blank ebc75a0e0045fd1_6
   (4)		fill in the blank ebc75a0e0045fd1_8
   (5)		fill in the blank ebc75a0e0045fd1_10
   (6)		fill in the blank ebc75a0e0045fd1_12

   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".

   		fill in the blank 60220ffb6fbefc2_2	fill in the blank 60220ffb6fbefc2_3
   		fill in the blank 60220ffb6fbefc2_5	fill in the blank 60220ffb6fbefc2_6
   		fill in the blank 60220ffb6fbefc2_8	fill in the blank 60220ffb6fbefc2_9

   3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31.

   Dec. 31		fill in the blank 15ad48006022fa3_2
   			fill in the blank 15ad48006022fa3_4

   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".

   Note 5		fill in the blank 2c3c63f68f94fec_2	fill in the blank 2c3c63f68f94fec_3
   		fill in the blank 2c3c63f68f94fec_5	fill in the blank 2c3c63f68f94fec_6
   		fill in the blank 2c3c63f68f94fec_8	fill in the blank 2c3c63f68f94fec_9
   		fill in the blank 2c3c63f68f94fec_11	fill in the blank 2c3c63f68f94fec_12
   Note 6		fill in the blank 2c3c63f68f94fec_14	fill in the blank 2c3c63f68f94fec_15
   		fill in the blank 2c3c63f68f94fec_17	fill in the blank 2c3c63f68f94fec_18
   		fill in the blank 2c3c63f68f94fec_20	fill in the blank 2c3c63f68f94fec_21
   		fill in the blank 2c3c63f68f94fec_23	fill in the blank 2c3c63f68f94fec_24

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