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In the trial balance for March, you see that Notes Receivable Fast Foot Co. has a negative balance of $105, which would seem to indicate

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In the trial balance for March, you see that Notes Receivable Fast Foot Co. has a negative balance of $105, which would seem to indicate that Fast Foot paid too much. Looking back through the journal entries for March, you find that on March 19 the accounting intem recorded receipt of 52.730 in payment of this role receivable. Further investigation reveals that on November 19, 2017, this note receivable was received from Fast Feet Color $2,025. You can find no additional information about this not in the accounting roceeds. Assume a 360 day year Using the preceding information, compute the form and the interest rate of the noto receivable from Fast Feet 1. Term of the note: days Points 2. Interest rate of the note Points: 011 3. Journalize the entry needed to record information about the note receivable from Fast Foot for the year 2017. Assume that the entry on November 18, 2017 is comect Helertoe Chart of Accounts of exact wording of accounts. Round at amounts to the nearest dla 3. Journalize the entry needed to record information about the note recevutile from Fast Fost for the year 2017. Assume that the entry on November 18, 2017 is comect Holor to the Chart of Accounts of exact wording of account tites. Round all amounts to the nearest dollar, Question not attempted AGE 1 JOURNAL Score: 0/25 ACCOUNTING EQUATION DATE DESCRIPTION POSTRES CERET CREDIT ALLETS LAITIS COUNTY 3 1 Point Journalire the entry needed to record collection of the note at maturity on March 18, 2018. Assume that the entry on November 19, 2017 coment. Per to no Chart of Accounts of exact woning of Accounties. Round al amounts to the nearest do 21 Question not attempted. Score: 0/49 JOURNAL lor ACCOUNTING EQUATION DET CREDIT POSTER ASSETS COUNTY DESCRIPTION DATE 2

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