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if someone can help me? I am really stuck with this question! Thank you! For Note 3: d. Prepare the entry to record the accrued
if someone can help me? I am really stuck with this question! Thank you!
For Note 3: d. Prepare the entry to record the accrued interest at December 31, 2023. (Do not round intermediate calculations. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the entry to accrue interest on Note 3. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2023 Record entry Clear entry View general journale. Prepare the entry to record the collection on the maturity date. Assume that both interest and principal are collected at maturity. (Do not round intermediate calculations. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the collection of Note 3 and interest. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journalVauxall Holdings showed the following information regarding its notes receivable: Days of Accrued Interest Maturity Interest at Dec. 31, Accrued Interest at Note Date of Note Principal Rate Term Date 2023 Dec. 31, 2023* 1 Nov. 1/22 $ 160,000 4. 0% 180 days Jan. 5/23 67,000 5. 0% 90 days Nov. 20/23 60, 090 4.5% 45 days Dec. 10/23 80, 000 5.5% 30 days *Round calculations to the nearest whole cent. Required: For each of Vauxall Holdings note receivable given below: (Do not round intermediate calculations. Round the "Amount of Accrued Interest at Dec. 31, 2023" answers to 2 decimal places.) a. Determine the maturity date. b. Calculate the days of accrued interest, if any, at December 31, 2023 (Vauxall Holdings' year-end). c. Calculate the amount of accrued interest, if any, at December 31, 2023. Note Date of Note Principal Interest Term Maturity Date Days of Accrued Amount of Rate Interest at Dec. 31, 2023 Accrued Interest at Dec. 31, 2023 1 Nov. 1/22 $ 160,000 4.0% 180 days Apr 30, 2023 days 2 Jan. 5/23 $ 67,000 5.0% 90 days Apr 5, 2023 days 3 Nov. 20/23 $ 60,000 4.5% 45 days Jan 4, 2024 days 4 Dec. 10/23 $ 80,000 5.5% 30 days Jan 9, 2024 daysStep by Step Solution
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