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Water Closet Co. wholesales bathroom foxtures. During the current year ending December 31, Water Closet received the folowing notes Date Face Amount Term Interest Rate

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Water Closet Co. wholesales bathroom foxtures. During the current year ending December 31, Water Closet received the folowing notes Date Face Amount Term Interest Rate 1. Mar 6 2 Apr. 7 3. Aug 12 4 Oct 22 5. Nov 19 60 days 45days 120 days 30days 90 days 6. Dec 15 7200045 days $75,000 40,000 36,000 27,000 48,000 6% 8% 7% 8% 6% 5% Required: 1 Determine for each note (a) the due date and (Dj the amount of interest due at maturity, dentifying each note by number. Assume & 360-day year (Note Round each interest computation to the nearest cent ) 2 Journakze the entry to record the dshongr of Note (3) on its due date. Refer to the Chart of Accounts for exact wording of account 3 Joumalize the adjusting entry to record the accrued interest on Notes(3) and (6) on December 3. Refer to the Chart of Accounts for exact wording of account teles. Assume a 360-day year (Note: Round each interest computation to the nearest cent) 4 Journalize me entries to record the receipt of the amounts due on Notes (3) and (6) n January and February Refer to the Chart of Accounts tor Check My Work All work saved Save and Exit Submit Assignm Water Closet Co. wholesales bathroom foxtures. During the current year ending December 31, Water Closet received the folowing notes Date Face Amount Term Interest Rate 1. Mar 6 2 Apr. 7 3. Aug 12 4 Oct 22 5. Nov 19 60 days 45days 120 days 30days 90 days 6. Dec 15 7200045 days $75,000 40,000 36,000 27,000 48,000 6% 8% 7% 8% 6% 5% Required: 1 Determine for each note (a) the due date and (Dj the amount of interest due at maturity, dentifying each note by number. Assume & 360-day year (Note Round each interest computation to the nearest cent ) 2 Journakze the entry to record the dshongr of Note (3) on its due date. Refer to the Chart of Accounts for exact wording of account 3 Joumalize the adjusting entry to record the accrued interest on Notes(3) and (6) on December 3. Refer to the Chart of Accounts for exact wording of account teles. Assume a 360-day year (Note: Round each interest computation to the nearest cent) 4 Journalize me entries to record the receipt of the amounts due on Notes (3) and (6) n January and February Refer to the Chart of Accounts tor Check My Work All work saved Save and Exit Submit Assignm

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