Water Closet Co wholesales bathroom fixtures. During the current year ending December 31, Water Closet received the following notes: Date Term Face Amount $75,000 Interest Rate 6% 1. Mar. 6 60 days 2 40,000 45 days 10% Apr. 7 Aug. 12 3 36,000 5% 4. Oct 22 27,000 120 days 30 days 90 days 6% 5 Nov. 19 48.000 3% 6. Dec. 15 72,000 45 days 4% Required: 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. (Note: Round each interest computation to the nearest cont.) 2. 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. 3. Journalize the adjusting entry to record the accrued interest on Noles (5) and (6) on December 31. Refer to the Chart of Accounts for exact wording of account bites. Assume a 360-day year. (Note: Round each interest computation to the nearest cont.) 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 2. Journalze the entry to record the dishonor of Note (3) on its due date. Refer to the Chart of Accounts for exact wording of account beles. Round each interest computation to the nearest cent PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. RET DEBIT CREDIT ASSETS LIABILITIES EQUITY 3. Journakze 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 bros. Assume a 360 day year Round each interest computation to the nearest cent PAGE JOURNAL ACCOUNTING EQUATION DATE DESCUTION POSTER DET CREDIT LIABILITIES EQUITY 4. Joumalize the entries to record the roonipt of the amounts due on Notes (5) and (6) in January and February Rotor to the Chart of Accounts for exact wording of account titles Round each interest computation to the nearest cont PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION DATE POST REE DERIT .CREDIT ASSETS LIABILITIES EQUITY