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need help for 3 &4 Gen-X Ads Co, produces advertising videos. During the current year ending December 31 , Gen-X Ads received the following notes:

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Gen-X Ads Co, produces advertising videos. During the current year ending December 31 , Gen-X Ads received the following notes: 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. T Check My Wor: Count the number of days in each month until the total number of days is 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. Typically, the maker of a dishonored note fails to pay the nate on the due date. A compary that holds a dishonored note transfers the face amount of the note plus any interest due back to an accounts receivable accocint. Interest revenue is not dependent on teceiving the interest at this point. Cash received wil include the maturity value of the note. Joumalize 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. 4. Joumalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February. If an amount box does not require an entry, leave it. blank

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