Flush Mate Co. wholesales bathroom fixtures. During the current fiscal year, Flush Mate Co. received the following notes: Date Face Amount Term Interest Rate
1. Mar. 6 $78,600 45 days 5%
2. Apr. 23 25,600 60 days 8%
3. July 20 37,100 120 days 6%
4. Sept. 6 49,600 90 days 7%
5. Nov. 29 30,700 60 days 6%
6. Dec. 30 68,600 30 days 6%

Required:
a. Determine for each note (a) the due date and (b) the amount of interest due at maturity, identifying each note by number.
b. Journalize the entry to record the dishonor of Note (3) on its due date.
c. Journalize the adjusting entry to record the accrued interest on Notes (5) and (6) on December 31.
d. Journalize the entries to record the receipt of the amounts due on Notes (5) and (6) in January.