Water Closet Co. wholesales bathroom fixtures. During the current year ending December 31, Water Closet received the following notes:

Instructions
1. Determine for each note (A) the due date and (B) the amount of interest due at maturity, identifying each note by number.
2. Journalize the entry to record the dishonor of Note (3) on its due date.
3. Journalize die adjusting entry to record the accrued interest on Notes (5) and (6) on December 31.
4. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January and February.

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Interest Rate Date Mar. 6 Apr. 7 Aug. 12 Oct. 22 Nov. 19 Dec. 15 Term 60 days 45 days 120 days 30 days 90 days 45 days Face Amount 4% $75,000 40,000 36,000 27,000 48,000 72,000 8 4