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ment1- Microsoft Word erences Mailings 12 Ax Table Tools Review View Design 21 Layout AaBbCcD: AaBbCcDc AaBbC AaBbCc AaB AaBbCc. Normal T No Spaci...

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ment1- Microsoft Word erences Mailings 12 Ax Table Tools Review View Design 21 Layout AaBbCcD: AaBbCcDc AaBbC AaBbCc AaB AaBbCc. Normal T No Spaci... Heading 1 Heading 2 Title Subtitle Styles Paragraph Date Face Amount Term Interest Rate 1. Mar. 6 $75,000 60 days 4% 2. Apr. 7 40,000 45 days 6% 3. Aug 12 36,000 120 days 5% 4. Oct. 22 27,000 30 days 8% 5. Nov. 19 48,000 90 days 3% 6. Dec. 15 72,000 45 days 5% 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 360-day year. 2. Journalize the entry to record the dishonor of Note (3) on its due date. Refer to the Chart of Accounts for exact wording of account titles. 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 exact wording of account titles. Assume a 360-day year. 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February. Refer to the Chart of Accounts for exact wording of account titles. 2. Journalize the entry to record the dishonor of Note (3) on its due date. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL ACCOUNTING FOUATION Note Due Date Interest Due at Maturity 1. 2. 3. 4. 6. PAGE 1 the Chat of Austra

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