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Gen-X Ads Co, produces advertising videos, During the current fiscal year, Gen-X Ads Co, received the following notes: Required: Assume 360 days in a year.

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Gen-X Ads Co, produces advertising videos, During the current fiscal year, Gen-X Ads Co, received the following notes: 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 nota by numbor: 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. If an amount bok does not require an antry iakve it biank. Dec. 31 4. Joumaliae the entries to record the recelot of the amounts due on hotes (5) and (6) in january. If an artokiet bos does not require an entry leave is biank. 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. 3. Journalize the adjusting entry to record the acerued interest on Notos (5) and (6) on December 31 , If an amount box does not require an entry, leave it biakk. 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 doea not requirn an entry, ilave is bianik

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