Interest Date 1. Apr. 10 Face Amount $81,000 Rate Term 4% 60 days 2. June 24 14,400 6 30 days 3. July 1 81,000 6 120 days 4. Oct. 31 81,000 9 60 days 5. Nov. 15 54,000 6 60 days 6. Dec. 27 180,000 4 30 days Required: Assume 360 days in a year. 1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. (b) Interest Due at Maturity (a) Note Due Date (1) June 9 (2) July 24 (3) Oct. 29 (4) Dec. 30 (5) Jan. 14 (6) Jan. 26 2. Journalize the entry to record the dishonor of Note (3) on its due date. If an amount box does not require an entry, leave it blank. Oct. 29 Accounts Receivable Interest Receivable (5) (6) Jan. 14 Jan. 26 2. Journalize the entry to record the dishonor of Note (3) on its due date. If an amount box does not require an entry, leave it blank. Oct. 29 Accounts Receivable Interest Receivable Accounts Receivable 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. If an amount box does not require an entry, leave it blank. Dec. 31 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January. If an amount box does not require an entry, leave it blank