Instructions Flush Mate Co Wholesale bathroom fixtures. During the current scal year. Flush Mate Co received the following notes Date Interest Rate Term Face Amount 575 300 1 Mar 6 5% 2 24.500 9 Apr 23 July 20 3 41600 5 45 days 60 days 120 days so days 60 days 30 days 4 55.400 6 Sept. 6 Nov 29 5 24.100 7 6 Dec 30 67.400 6 Required 1 Determine for each note (a) the due date and (b) the amount of interest due at maturity. Identifying each note by number Assume a 300-day year when calculating interest Round each interest computation to the whole dollar 2. Joumauze the entry to record the dishonor al Note (3) on its due date 3. Journal2o the aqusting entry to record the accrued interest on Notes (5) and (6) on December 31 4. Journalize the entries to record the receipt of the amounts due on Noles (5) and (5) in January "Refer to the chart of accounts for the exact wording of the account des CNOWJournals do not use tones for journal explanations. Every inton a journal page is used for debit or credit entries CNOW Jumats will automatically indent a creat entry when a credit amount is entered Assume . 360-day year when calculating interest Round your answers to the nearest whole dollar Bock Br Show Me How Details of notes receivable and related entries Instructions Chart of Accounts First Question Journal Instructions First Question Shaded cells have foc 1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, idenoying each note by number Assume a 300-day year when calculating interest Round eac Interest computation to the whole dollar Note 1 2 Due Date Apr 20 June 22 Interest Due at Maturity $471 368 3 Nov. 17 4 692 X 831 Dec, 57 Jan 28 5 281 6 Jan 29 337 Points 11 Feedback v Check My Work Count the number of days in each monthunt the total number of days reached for the term of the note and this will be the due date Interest is not charged on the first day of the note Journal 2. Journize the entry to record the dishonor of Nate (3) on its due date. Refer to the chart of accounts for the exact wording of the account bites CNOW journals do not use in automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest Round your answers to the nearest whole dollar All transactions on this page must be entered (except for post reff:)) before you will receive Check My Work feedback PAGES JOURNAL Score: 7/37 ACCOUNTING EQUATION DESCRIPTION DATE Nov. 18 Accounts Recevable POSTRE OCT CREDIT ASSETS LIABILITIES EQUITY 49.410.00 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31 Refer to the chart of accounts for the exact wording of the account des CNC CNOW journals will automatically indent a credt entry when a credit amount is entered Assuno a 300 day year when calculating interest Round your answers to the nearest w Question not attempted PACE XOURNAL Score: 0/25 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF OT CREDI LIABILITIES COUITY Check My Work Jouma 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January Refer to the chart of accounts for the exact wording of the account noles CNOW OL CNOW journals will automatically indent a credit entry when a credit amount is entered. Assume a 360-day year when calculating interest. Round your answers to the nearest whom Question not attempted PAGE 1 JOURNAL Score: 0/99 ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 2 3 Feedback Check My Work