Vauxall Holdings showed the following information regarding its notes receivable:

Note

Date of Note

Principal

Interest Rate

Term

Maturity Date

Days of Accrued Interest at Dec. 31, 2020

Accrued Interest at Dec. 31, 2020*

1

Nov.

1/19

$

330,000

4.0%

180 days

2

Jan.

5/20

136,000

5.0%

90 days

3

Nov.

20/20

126,000

4.5%

45 days

4

Dec.

10/20

165,000

5.5%

30 days

*Round calculations to the nearest whole cent. Required: For each of Vauxall Holdings note receivable given below: (Do not round intermediate calculations. Round the "Amount of Accrued Interest at Dec. 31, 2020" answers to 2 decimal places.)

1. Determine the maturity date.
2. Calculate the days of accrued interest, if any, at December 31, 2020 (Vauxall Holdings' year-end).
3. Calculate the amount of accrued interest, if any, at December 31, 2020.

For Note 3: d. Prepare the entry to record the accrued interest at December 31, 2020. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

e. Prepare the entry to record the collection on the maturity date. Assume that both interest and principal are collected at maturity. (Do not round intermediate calculations. Round your answers to 2 decimal places.)