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P8-32A (similar to) Question Help Bethany Realty loaned money and received the following notes during 2018. (Click the icon to view the notes received.) Read
P8-32A (similar to) Question Help Bethany Realty loaned money and received the following notes during 2018. (Click the icon to view the notes received.) Read the requirements Requirement 1. Determine the maturity date and maturity value of each note. (For each applicable note, compute interest using a 365-day year. Round to the nearest dollar.) Due date Month/Day Year Note Date Interest Rate 13% (1) (2) (3) Apr. 1 Sep 30 Sep. 19 Principal Amount $ 26,000 16,000 14,000 Term 1 year 6 months 90 days 9% 6% Choose from any list or enter any number in the input fields and then click Check Answer. ? 8 parts Clear All remaining Check Answer -X i Data Table Note Date Interest Rate 13% (1) (2) (3) Apr. 1 Sep 30 Sep. 19 Principal Amount $ 26,000 16,000 14,000 Term 1 year 6 months 90 days 9% 6% Print Done - X Requirements 1. Determine the maturity date and maturity value of each note. 2. Journalize the entries to establish each Note Receivable and to record collection of principal and interest at maturity. Include a single adjusting entry on December 31, 2018, the fiscal year-end, to record accrued interest revenue on any applicable note. Explanations are not required. Round to the nearest dollar. Print Done
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