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Homework: Week 5 - Chapter 08 problems Score: 0.58 of 1 pt & P9-31A (similar to) 4 of 7 (6 complete) HW Score: 79 21%,

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Homework: Week 5 - Chapter 08 problems Score: 0.58 of 1 pt & P9-31A (similar to) 4 of 7 (6 complete) HW Score: 79 21%, 5 54 of 7 pts Question Help Christie Realty loaned money and received the following notes during 2016 (Click the icon to view the notes received.) Requirements 1. Determine the maturity date and maturity value of each note 2. Journalize the entries to establish each Note Receivable. include a single adjusting entry on December 31, 2016, the fiscal year end, to record accrued interest revenue on any applicable note. Explanations are not required 3. Journalize the collection of principal and interest at maturty on the three notes. Explanations are not required. 18,000 Jun 19 Cash interest revenue on any applicable notels) on December 31, 2016, the fiscal year end. Jourmalize the single adjusting entry to record accrued Accounts and Explanation Debit Date 2,010 2016 Interest Receivable 2,010 Dec 31 Interest Revenue Requirement 3. Jounaize the colection of principal and interest at maturity on the three notes. Explanations are not Exdude explanations from journal entries) required (Record debits first then credts Journalize the collection of principal and interest at maturity for note (1) Debit Credit Accounts and Explanation Date 2017 Cash Oct. 1Interest Receivable 12,840 210 630 12,000 Interest Revenue Note Receivable (Note t) Joumalize the collection of principal and interest at maturity for note (2) Debit Accounts and Explanation Date 2017 Cash Mar. 30 Interest Receivable 21800 nterest Revenue 20000 Note Recevable (Note 2) Choose from any list or enter any number in the input fields and then click Check Answer Check Anower Clear All remaining

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