In the triol balance for March, you see that Notes Rechivable-Fast Feet Co. has a negotive bolonce of s195. which would seem to indicate thet Fast Feet poid too much. Looking back through the joumal entries for March, you find that on March 19 the accounting interm recarded recelpt of 55 , o7o in payment of this note fecelvable. Further irvestigatian reveals that on November 19, 20Y7, this note recelvable was rectived frath Fact Feat Co. for 34 , ez5. You can find no additionat information about this note in the accounting records. Assume a 360 day year. Using the preceding information, compute the term and the interest rate of the note receivable from fast feot. 1. Term of the note: days 2. Interest rate of the note: Fewathack r Greck Mryeis 1. Use the equation for corryuing interest on a note bul solve for the form. 2. Use the equation tor computing inlerest on a note but solve for the interest rate 3. Jourmalize the entry needed to record information about the note receivable from Fast Feet for the year 20x?, Assume that the entry on Noyember 19. 20y7 is correct. If an amount box does not require an entry, leave it biank. Round ail amrounts to the nearest doliar. Dec. 31 x 4. Journalize the entry needed to record collection of the note at maturity on March 19, 20Y8. Assume that the entry an November 19, 20y7 is correct. If an amount box does not require an entry, leave it blank. Round all amounts to the rearest dolar. Mar. 19 ficedtack F Check My Wan 4 Remember to consider that the nofe whis isied and collected at maturity in different years