Water Closet Co. wholesales bathroom fixtures. During the current year ending December 31, Water Closet received the following notes: Date Mar. 6 Apr. 7 Interest Rate 4% 1. Face Amount $75,000 40,000 36,000 2. 6% 3. Aug. 12 Term 60 days 45 days 120 days 30 days 90 days 45 days 5% 4. Oct. 22 27,000 B% 5. Nov. 19 48,000 3% 6. Dec. 15 72,000 5% 2. 3. Required: * Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. Assume a 360-day year. Journalize the entry to record the dishonor of Note (3) on its due date. Refer to the Chart of Accounts for exact wording of account titles. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February. Refer to the Chart of Accounts for exact wording of account titles. 4. 1. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number. Assume a 360-day year. Due Date Interest Duet Maturity Note 1 2 3 5 2. Journalize the entry to record the duhonor of Note (3) on its due date. Refer to the Chart of Accounts for exact wording of account titles. PORE! JOURNAL ACCOUNTING EQUATION DE POLE NIF CAT TE 3. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. JOURNAL ACCOUNTING EQUATION DATE POLERI 4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL ACCOUNTING EQUATION DARE DEXCEPTION FOUT IT LATES TOUT CHART OF ACCOUNTS Water Closet Co. General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 12 Allowance for Dout Accounts 131 Interest Receivable 132 Not Receivable 141 Merchandisinventory 145 Office Supplies 166 Store Supplies 151 Prepair 181 Land 191 Store Ecument 182 Accumulated Depreciation Store purent 10 Ofice Equipment 700 Accumulated Depreciation Office Equipment LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Salon Tax Payable 214 west Payable 215 Notes Payable EQUITY 310 Common Stock 315 Retained Eaming 312 Dividende REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold Szo salos Salaries Expertise 521 Advertising Expense 522 Depreciation Expense-Store Equipment 521 Delivery Expertise 524 Repairs Expense 529 Selling Expenses 530 Office Series Expense 531 Rent Expense 532 Depreciation Expense-Ofice Equipment 539 Imrance Lane 534 Office Supplies Experte 535 Store Supplies Expense 538 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Experte 599 Miscellaneous Expense 710 Interest Experise 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. Assume e year. Note Due Date Interest Due at Maturity 1. S $ IN June s 3. 4 $ June 22 5 May 30 6. May 5 Apr 21 Instructions First Question 1. Determine for each note (@) the due date and (b) the amount of interest due at maturity, identifying each note by number. Assume year. Note Due Date Interest Due at Maturity 05 1. 2 62 3. 4. July 25 s 6 8 July 22 May 30 May 22 June 22 DA Instructions 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. Assum year, Note Due Date Interest Due at Maturity 1 S 2 S 3. s ET 24 Dec. 5 US 6 Dec. 10 July 1 July 31 Nov. 20 Instructions 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. Assume day year Note Due Date Interest Due at Maturity 1 US S ACN US 5. Dec 1 8 Dec Nov. 21 Oct. 31 Nov. 4 Instructions First Question Decemmeror Live we oue water and we amount or merestu sunny lenynig each newy numbers day year Note Due Date Interest Due at Maturity 1 2 . 3. 6 8 SI Nov 28 Nov. 17 Feb. 29 Sep 29 Feb 17 Instructions First Question Day year Note Due Date Interest Due at Maturity 1 V) 2. 3 4 $ $ 5. 65 Jan. 28 Jan 30 Jan 29 Nov. 17 Nov 28