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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

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, 2017 Accrued Interest at Dec. 31, 2017
1 Nov. 1/16 $320,000 4.0% 180 days
2 Jan. 5/17 132,000 5.0% 90 days
3 Nov. 20/17 122,000 4.5% 45 days
4 Dec. 10/17 160,000 5.5% 30 days

Required: For each of Vauxall Holdings note receivable given below: (Use 365 days in a year. Do not round intermediate calculations. Round the "Amount of Accrued Interest at Dec. 31, 2017" answers to 2 decimal places.) a. Determine the maturity date. b. Calculate the days of accrued interest, if any, at December 31, 2017 (Vauxall Holdings' year-end). c. Calculate the amount of accrued interest, if any, at December 31, 2017. For Note 3: d. Prepare the entry to record the accrued interest at December 31, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use 365 days in a year. 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)

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