Water Closet Co. wholesales bathroom fixtures.

eBook Show Me How Calculator Details of notes receivable and related entries Chart of Accounts First Question Journal Instructions Water Closet Co wholesales bathroom fotures. During the current year ending December 31, Water Closet received the following notes Date Face Amount Term Interest Rate Mr. 6 80 days ADET 120 days Aug 12 Oct 22 Nov. 10 Dec. 15 $75,000 40.000 36.000 27.000 48.000 72.000 30 days 00 days 45 days Required 1. Determine for each noteal the due date and the amount of interest ove a maturity identifying each nose by number Assume 360-cay year (Note: Round each interest computation to the nearest cent) 2 Joumalize the entry to record the honor of Notes on the date refer to the Chart of Account for eact wording of accounts 2. Journalze the adjusting entry to record the served ones and on December 31 Refer to the Chart of Account for a wering of account nume - 360- ve Note Pound ch e at comutation to the neare cent + Journamente record that of the amount due on No DELL