Water Closet Co, wholesales bathroom fixtures. During the current year onding December 31, Water Closet received the following notes: Aequired: 1. Dotarmine for each note (a) the die dale and (b) the amount of interest due at matimity, ldentlying each note by number Assume a s6o-day year. 2. Joumalive the enty to recond the dishonor of Mote (3) on its dte date. Aefer to the Chart of Accounts for exact wording of account ftites 3. Joumalize the adfusting entry to record the acoved interest on Nofes (5) and (6) on December 31. Aefer to the Chat or Accounts for axact wording of acoount thes. Assume a 3e0-dor year. 4. Journalive the entries so rocond the recept of the amounts due an Notes (5) and (6) in. Janiagy and Fabruary Aloler to the Chart of Accounts Nur evact woring of aocount bies. Chart of Accounts CHART OF ACCOUNTS Water Closet Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenus 120 Accounts Receivable 129 . Alowance for Doubtful Accounts EXPENSES 131 Interest Receivable 510 cost of Goods Sold 132 Notes Receivable 520 Sales Salaries Expense 141 Morthandise inventary 521 Advertsing Expense 145 Ollice Supples 522 Depreciation Expense-Store Equpment 146 Store Supplies 523 Delivery Expense 151 Prepsd Insurance 524. Repairs Expense 181 Land 520 Seling Expentes 191 siore Equipment 530 Orlice Salanies Expense Chart of Aocounts 181 Land 529 Selling Expenses 191 Store Equipment 530 Olfice Salaries Expense 192. Accumulated Deprociation-Store Equipment 531 Rent Expense 193 Oltice Equipment 532. Depreciation Expense-Office Equipment 194 Accumulated Depreciation-Office Equipment 533 insurance Expense 534 Office Supples Expense LIABILITIES 535 Store Supplies Expense 210. Accounts Payable 536 Credit Card Expense 211 Salaries Payable 537 Cash Shert and Over 213 Soles Tax Payable 538 Bad Debt Expense 214 Interest Payable 539 Miscelaneous Expense 215 Notes Payable 710 Interest Expense EQUITY 310 Common Slock 311 Retained Eamings 312. Dividends 1. Determine for each note (a) the due date and (b) the amount of inferest due at matunty, identiling each note by number. Assume a 36o-day year. Hon does snadions work? day year: 4. Woumatce the entries to recond the receipt of the amounts due on Notes (5) and (6) in January and February . Refor to the Chart of Acoounts for exact wording of acoocnt soles Question not attempted