Abby Realty loaned money and received the following notes during 2024 Click the icon to...
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Abby Realty loaned money and received the following notes during 2024 Click the icon to view the notes received) Read the requirements D G Requirement 1. Determine the maturity date and maturity value of each note (For each applicable note, compute interest using a 365 day year Round to the nearest dollar) Geta Due date Month Day Year Note Note (1) Note (2) Note (3) Date Od 1 Jun 30 Jun 19 Principal Amount $ 18,000 16,000 20.000 Interest Rate 8% 11% 6% Term 1 year 9 months 180 days Data table Note Date Interest Rate Term Oct. 1 $ Principal Amount 18,000 16,000 20.000 Note (1) Note (2) Note (3) 8% 1 year 9 months Jun. 30 11% Jun. 19 6% 180 days Print Done Requirements ne the 1. Determine the maturity date and maturity value of each note. 2. Journalize the entries to establish each Note Receivable and to record collection of principal and interest at maturity. Include a single adjusting entry on December 31, 2024, the fiscal year-end, to record accrued interest revenue on any applicable note. Explanations are not required. Round to the nearest dollar Print Done
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