Brief exercise 8-09 presented below are data on three promissory notes. determine the missing amounts. (round answers for total interest to 0 decimal places, e. g. 825. round annual interest rate to 0 decimal places, e. g. 15%. use 360 days for calculation.) date of note terms maturity date principal annual interest rate total interest (a) april 1 60 days select a maturity date $660,000 14 % $enter total interest in dollars rounded to 0 decimal places (b) july 2 30 days select a maturity date 84,000 enter an annual interest rate in percentages rounded to 0 decimal places % $910 (c) march 7 6 months select a maturity date 196,000 15 % $enter total interest in dollars rounded to 0 decimal places

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P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

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