tely one who wong 2015 www. 1 www.autyunner.com . Det - 1 Datatable BE COND at tie Realty loaned money and received the following notes during 2016, Click the icon to view the notas received.) uirements Determine the maturity date and maturity value of each note Joumalize the entries to establish each Note Receivable. Include a single adjusting entry on December 31, 2016, the fiscal year-end, to record accrued interest revenue on any applicable node Joumalize the collection of principal and interest at maturity on the three notes. Explanations are not required. Date Doumalize the single adjusting entry to record accrued interest revenue on any applicable note(s) on December 31, 2016, the fiscal year-end, Accounts and Explanation Debit Credit 2016 Dec 31 Requirementa. Journalize the collection of principal and interest at maturity on the three notes. Explanations are not required (Record debitofrot, then credits Exclude explanation from oural entries) Journalize the collection of principal and interest at maturity for note (1) Date Accounts and explanation Debit Credit Journalize the collection of principal and Wrest at maturity for note (2) Date Accounts and explanation Debit Cred Journize the collection of principal and interest of maturity for note (9) D Accounts and explanation Detall Creo 16 Cash pr. 1 Interest Expense Interest Payable analize tt Interest Receivable Date Del 2016 Interest Revenue Sep. 30 Note Payable Note Receivable (Note 1) Journalize ti Note Receivable (Note 2) Date Deb Note Receivable (Note 3) 2016 Sep. 19 Journalize the single adjusting entry to record accrued interest revenue on a Christio Realty loaned money and received the following notes during 2016, (Click the icon to view the notes received) Requirements 1. Determine the maturity date and maturity value of each note. 2. Journalize the entries to establish each Note Receivable. Include a single adjusting entry on December 31, 2016, the fiscal year-end, to record accrued interest revenue on any applicable note. Explanations are not required. 3. Journalize the collection of principal and interest at maturity on the three notes. Explanations are not required. Requirement 1. X fost using a 360-day year.) Data table Note value (1) (2) (3) D Apr. 1 Sep. Sep. 1 Note Date Interest Rate Term Apr. 1 12% 1 year (1) (2) Principal Amount $ 16.000 12.000 18.000 6% 6 months Requirement 2. accrued interest Sep. 30 Sep. 19 or 31, 2016, the fiscal year-end, to record de explanations from journal entries.) (3) 8% 90 days Begin with the jo Date Requirement 1. Determine the maturity date and maturity value of each note. (For each applicable note, compute interest using a 360-day year) Due date Note Date Principal Amount Interest Rate Term Month/Day Maturity value Year 223 $ 16,000 12% (1) (2) (3) Apr. 1 Sep. 30 Sep. 19 12,000 18,000 6% 8% 1 year 6 months 90 days Requirement 2. Joumalize the entries to establish each Note Receivable. Include a single adjusting entry on December 31, 2016, the fiscal year-end, to record accrued interest revenue on any applicable note. Explanations are not required. (Record debits first, then credits Exclude explanations from journal entries.) Begin with the journal entry to establish noto 1. Date Accounts and Explanation Debit Credit 2016 Note Receivable (Note 1) Cash Apr. 1 Joumalize the entry to establish note 2 Date Accounts and Explanation Debit Credit 2016 Sep 30 Sep 30 Journalize the entry to establish note 3 Date Accounts and Explanation Debit Credit 2016 Sep. 19 Joumalize the single adjusting entry to record accrued interest revenue on any applicable note(s) on December 31, 2016, the fiscal year-end. Date Accounts and Explanation Debit Credit 2016 Dec 31 Requirement 3. Journalize the collection of principal and interest at maturity on the three notes. Explanations are not required.(Record debits first, then credits Exclude explanations from journal entries.)
