would anyone be able to assist me with this cole x httpsedu

would anyone be able to assist me with this?

cole x | https://edugen.wileyplus.com/edugen/student/mainfr.uni (3) Percent problen 16 r sh EasyBib: Free Biblio Kimmel, Financial Accounting: Tools for Business Decision-Making, Sixth Canadian Editiorn FINANCIAL ACCOUNTING ) MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION 1 BACK NEXT eM Mar. 31, 2015 RES Inc. May 31, 2015 Ihara Ltd. Aug. 31, 2015 Dragon Limited Sept. 30, 2015 MGH Corp. $18,200 596 7months 17,400 6%18 months 4,600 9% 2 months 19,800 4% 16months Interest is due at maturity for the RES and Dragon notes. Interest is due on the first day of the month for the Ihara and MGH notes. At September 30, the balance in the Allowance for Doubtful Notes account is nii. In October, the following selected transactions were completed. Oct. Received the interest due from Ihara and MGH. 1 31 Received notice that Dragon was unable to pay its note as scheduled. It expects to be able to pay in the future 31 The RES note matured and was received in full 31 Accrued interest on the Ihara and MGH notes. 31 Analyzed the remaining notes for collectibility. Estimated that $17,400 of notes may not be collectible in the future because of significant labour issues currently being experienced by Ihara. Assignment 4 Winter 2018

Solution

Amount receivables for Dragon Limited noted which got matured on 31 October 4600

Accurued interest for 2 months (i.e Sept and October) (4600*9%)/12*2 69

Accrued interest for the month of October for Jhara Limited notes (17400*6%)/12 87

Accrued interest for MGH Corp Notes for the month of October (19800*4%)/12 66

Total Accounts Receivables 4882