Shostak showed the following details regarding its notes receivable: Round calculations to the…

Shostak showed the following details regarding its notes receivable: Round calculations to the nearest whole cent Required For each note: a. Determine the maturity date. b. Calculate the days of accrued interest, if any, at December 31, 2014, Shostak’s year-end. c. Calculate the amount of accrued interest, if any, at December 31, 2014. For Note 4: d. Prepare the entry to record the accrued interest at December 31, 2014. e. Prepare the entry to record the collection on the maturity date. Assume that interest and principal are collected at maturity. View Solution:
Shostak showed the following details regarding its notes receivable Round calculations

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