eBook Calculator Notes Receivable On September 1, 2017, Cowell Corp. accepted a six-month, 7%, $43,200 Interest-bearing note from Pattison Inc. In payment of an account receivable. Cowell's year-end is December 31. Pattison paid the note and Interest on the due date. Assume 360 days in the year. Required: 1. Who is the maker and who is the payee of the note? The maker is and the payee is 2. What is the maturity date of the note? 3. Identity and analyze the effect of the transactions or adjustments to be recorded on each of the following dates: a. September 1, 2017 Activity Accounts Statement(s) akeAssignment/takeAssignmentMain.do?invoker=8takeAssignmentSessionLocator=&inprogress=false eBook Calculator M How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, I.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Stockholders Assets Liabilities Equity Revenues b. December 31, 2017 Activity Accounts Statement(s) STONE How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, I., a decrease, be sure to enter the answer with a minus sign. Do not round intermediate calculations. If required, round your final answer the nearest dollar Balance Sheet Stockholders' Assets Llabilities + Equity Revenues c. March 1, 2018 Activity Accounts Statement(s) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, L., a decrease be sure to enter the answer with a minus sign Do not round intermediate calculations. If required, round your final answer to the nearest dollar Balance Sheet Star holdere M C. March 1, 2018 Activity Accounts Statement(s) How does this entry affect the accounting equation? 11 a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, le, a decrease, be sure to enter the answer with a minus sign Do not round intermediate calculations. It required, round your final answer to the nearest dollar Balance Sheet Stockholders Liabilities Equity Assets Revenues CheddChart Wein eBook Calculator Notes Receivable On September 1, 2017, Cowell Corp. accepted a six-month, 7%, $43,200 Interest-bearing note from Pattison Inc. In payment of an account receivable. Cowell's year-end is December 31. Pattison paid the note and Interest on the due date. Assume 360 days in the year. Required: 1. Who is the maker and who is the payee of the note? The maker is and the payee is 2. What is the maturity date of the note? 3. Identity and analyze the effect of the transactions or adjustments to be recorded on each of the following dates: a. September 1, 2017 Activity Accounts Statement(s) akeAssignment/takeAssignmentMain.do?invoker=8takeAssignmentSessionLocator=&inprogress=false eBook Calculator M How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, I.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Stockholders Assets Liabilities Equity Revenues b. December 31, 2017 Activity Accounts Statement(s) STONE How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, I., a decrease, be sure to enter the answer with a minus sign. Do not round intermediate calculations. If required, round your final answer the nearest dollar Balance Sheet Stockholders' Assets Llabilities + Equity Revenues c. March 1, 2018 Activity Accounts Statement(s) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, L., a decrease be sure to enter the answer with a minus sign Do not round intermediate calculations. If required, round your final answer to the nearest dollar Balance Sheet Star holdere M C. March 1, 2018 Activity Accounts Statement(s) How does this entry affect the accounting equation? 11 a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, le, a decrease, be sure to enter the answer with a minus sign Do not round intermediate calculations. It required, round your final answer to the nearest dollar Balance Sheet Stockholders Liabilities Equity Assets Revenues CheddChart Wein