TT/takeAssignment/takeAssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Show Me How Details of notes receivable and related entries Instructions Chart of Accounts First Question Journal Instructions Flush Mate Co wholesales bathroom fixtures. During the current fiscal year Flush Mate Co received the hoowing notes Date Face Amount Interest Rate 1 Mar 6 596 2 9 Apr 23 July 20 $80,000 24,000 42.000 54,000 3 6 Term 45 days 60 days 120 days 90 days 60 days 30 days 4 7 Sept 6 Nov. 29 5. 6 27,000 72,000 6 Dec 30 5 Required: Check My Work /takeAssignment/takeAssignment Main.do?invoker=i&takeAssignmentSessionLocator=Binprogress=false eBook Show Me How Details of notes receivable and related entries Instructions Chart of Accounts First Question Journal Instructions Required: 1 Determine for each note (a) the due date and (b) the amount of interest due at maturity, dentifying each one by number Assume a 360-day year when calculating interest 2. Journalize the entry to record the dishonor of Note (3) on its due date 3. Joumalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) January "Refer to the chart of accounts for the exact wording of the account titles. CNOW Journals do not use lines formal explanation Every ine on a journal page is used for debitor credit entries. CNOW journals will automatically indenta credit entry when a credit amount is entered Assume a 360-day year when calculating interest wokea takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Details of notes receivable and related entries Instructions Chart of Accounts First Question Journal Chart of Accounts CHART OF ACCOUNTS Flush Mate Co. General Ledger REVENUE ASSETS 410 Sales 110 Cash 610 Interest Revenue 111 Petty Cash 120 Accounts Receivable 129 Allowance for Doubtful Accounts EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 131 Interest Receivable 132 Notes Receivable Check My Work Save and Et eBook Show Me How Details of notes receivable and related entries Instructions Chart of Accounts First Question Journal DZU Satsanes Cape Chart of Accounts 132 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Store Equipment 192 Accumulated Depreciation Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment 521 Advertising Expensel 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense LIABILITIES STOW Me How ails of notes receivable and related entries Instructions Chart of Accounts First Question Journal Chart of Accounts LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable 534 Office Supplies Expense 535 Store Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession.ocatotulkinprogress false eBook Show Me How Details of notes receivable and related entries Instructions Chart of Accounts First Question Journal First Question 1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. A day when the Note Due Date 1 Interest Due at Maturity $500 360 840 2 Apr. 20 June 22 Nov. 17 Dec. 5 945 2707 Jan 28 300 6 Jan. 29 Sad Online teachir X + assignment/take AssignmentMain.do?invokere&takeAssignmentSessionLocator#Binprogress=false Show Me How tails of notes receivable and related entries Instructions Chart of Accounts First Question Journal Shaded chefreduce Journal 2 Journakze the entry to record the dishones or Note (3) on its due date. Refer to the chart of accounts for the exact wording of the account seles, CNOW journal art per une bones for journal explanations. Every line on a jourint page is used for debit or credit entries CNOW journals will automatically indent a credi entry when a credit amount as erteved Antuno a 200 day pear when calculating interest Question not attempted. Score: 0/3 JOURNAL POSER GEOT DATE DESCRIPTION 1 Previous ra eAssignment/takeAssignmentMain.doinvoker=&takeAssignmentSessionLocatoru&inprogress=false Book Show Me How Shaded ceshave dhe Journal 3. Joumalize the adjusting entry to record the scored interest on Notes (5) and (6) on December 31. Refer to the chart of accounts for the react wondag of the account the NOW w do not use lines for journal explanations. Every ine on a journal page is used for debitor credit entries CNOW oumats will automatically ndent a credit entry unen a crat amount is enteret Assume a 360-day year when calculating interest Question not attempted NE se 0/2 JOURNAL COUNT ATS CREDIT POST RER DATE DESCRIPTION 1 2 Next Previous Check My Work Save and te Submit Assignment for All work saved COV 04 Online teachinx Assignment/take Assignment Main.doinvoker=&etakaAssignmentSessionLocator-Binprogressefalse ok Show Me How Journal Shaded cells have redack 4. Joumatze the entries to record the receipt of the amounts due on Notes (5) and (65) in January. Refer to the chart of accounts for the exact worting of the counters CNOWU do not use lines for journal explanations Every line on a journal page is used for debitor credit entries CNOW journals will automatically indent a cruditentry when a cont is entered Asma 360 day year when calculating interest Question not attempted. Scan: JOURNAL ACT POSER CREDIT DESCOPTION DATE 1 3 Previous Next Check My Work Save and Submit Assignment for Gradie 21 Online teachinx Assignment/takeAssignment Main.do?inwoker=&takeAssignmentSessionLocator=&inprogress=false Book Show Me How Shaded cestu Journal 2 1 4 5 6 7 Previc