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Notes Receivable Water Closet Co. wholesales bathroom fixtures. During the current year ending December 31, Water Closet received the following notes: Instructions Assume 360 days
Notes Receivable Water Closet Co. wholesales bathroom fixtures. During the current year ending December 31, Water Closet received the following notes: Instructions 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. the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. 3. Compute the accrued interest on December 31 for Notes 5 and 6. Note 5: Note 6: $ $
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