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For Note 3 : d . Prepare the entry to record the accrued interest at December 3 1 , 2 0 2 3 . e
For Note :
d Prepare the entry to record the accrued interest at December
e Prepare the entry to record the collection on the maturity date. Assume that both interest and principal are collected at maturity.
Vauxall Holdings showed the following information regarding its notes recelvable:
tableNoteDate ofNote,Principal,tableInterestRateTerm,tableMaturityDateDays of Accrued,tableAccrued Interest atDectableInterest at Dec. Nov.,$ days,,Jan:, days,,,Hov., days,,,Dec., days,,,
Round calculations to the nearest whole cent.
Required:
For each of Vauxall Holdings note recelvable given below: Do not round intermediate calculations. Round the "Amount of Accrued Interest at Dec. onswers to decimal places.
a Determine the maturity date.
b Calculate the days of accrued interest, if any, at December Vauxall Holdings' yearend
c Calculate the amount of accrued interest, if any, at December
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