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Lan=364.355.07 Panda Distributors showed the following information regarding its notes receivable: Days of Accrued Accrued Interest at Interest at Maturity July 31, July 31, Date
Lan=364.355.07 Panda Distributors showed the following information regarding its notes receivable: Days of Accrued Accrued Interest at Interest at Maturity July 31, July 31, Date 2020 2020" Date of Interest Note Note Principal Rate 1 December 1/19 $170,000 4.0% 2 April 5/20 71.000 50 3 June 20/20 64,000 4.3% 4 July 10/20 85.000 SSN Round calculations to the nearest whole cent. Terme 180 days 90 days 45 days 30 days Required For each ote: a. Determine the maturity date b. Calculate the dex of accrued interest, if any, at July 31, 2020 (Panda Distributors year.eod). e. Calculate the amount of accrued interest, if any, at July 31, 2020 For Note 3 d. Prepare the entry to record the accrued interest in July 31, 2020 . Prepare the entry to record the collection on the maturity date. Assume that both interest and principal are collected at man
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