eBook Show Me How Calculator Details of Notes Recelvable 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. Jan. 14 4 % 2. Mar. 9 7 $33,000 60,000 48,000 16,000 36,000 24,000 30 days 45 days 90 days 75 days 3. July 12 4. Aug. 23 6 5. Nov. 15 60 days 8 6. Dec. 10 60 days 6 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 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) (2) (3) (5) (6) 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 59 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 blank. Dec. 31 3 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February. If an amount box does not require an entry, leave it blank. Note 5 Note 6 llll