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: Face Amount Interest Rate Term $96,000 60 days Date 1. Apr. 10 2. June 24 3. July 1 4. Oct. 31 5. Nov. 15 6. Dec. 27 13,200 27,000 27,000 54,000 30 days 120 days 60 days 60 days 30 days 162,000 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 Due Date (b) Interest Due at Maturity (a) Due Date (b) Interest Due at Maturity 2. Tournalize 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 "o". 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. Dec. 31 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 "O". Jan. 14 1000 1000 Jan. 26