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Please fill all requirements Requirements 1. Determine the maturity date and maturity value of each note. 2. Journalize the entries to establish each Note Receivable
Please fill all requirements
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. Delaney Realty loaned money and received the following notes during 2018. (Click the icon to view the notes received.) Read the 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.)Step by Step Solution
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