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Determine the maturity date for the following note. Consider leap years as necessary. Date of Note...
Determine the maturity date for the following note. Consider leap years as necessary. Date of Note Time Maturity Date July 9, 2009 180 days O December 31, 2009 January 4, 2010 January 5, 2010 January 6, 2010
Date Issued Term of the Note Due Date 1. January 1 30 days __________ 2. January 15 30 days __________ 3. March 20 60 days __________ 4. March 20 3 months __________ 5. June 18 90 days __________ Compute the amount of accrued interest on the following notes: Principal Interest Rate Time Accrued Interest 6. $7,800 9.0% 75 days __________ 7. 3,600 12.5% 45 days __________ 8. 2,700 9.9% 90 days __________ 9. 4,300 6.2% 6 months...
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note $90,000 120 days a. January 5* b. February 15 * C. May 19 30 days 21,000 68,000 45 days d. August 20 34,400 90 days e. October 19 50,000 90 days * Assume a leap year in which February has 29 days. Assume 360 days in a...
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note a. January 5 * $90,000 6% 120 days b. February 15 * 21,000 4 30 days c. May 19 68,000 8 45 days d. August 20 34,400 5 90 days e. October 19 50,000 7 90 days * Assume a leap year in which February has 29...
Eneroso Determine the maturity date for each of the following notes: Maturity Date Issue Date 2018 January 13 2018 January 31 2018 June 4 2018 December 2 Ufe 30 days 90 days 1 year 1 month 9 Exercise H Crawford, Inc., gave a $20,000, 120-day, 12 per cent note to Dunston, Inc., in exchange for merchandise. Crawford uses periodic Inventory procedure. Prepare journal entries to record the issuance of the note and the entries needed at maturity for Crawford, assuming...
4 Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note a. January 5* $98,000 6% 120 days b. February 15* 18,000 30 days May 19 67,000 45 days d. August 20 33,600 5 90 days October 19 50,000 90 days Assume a leap year in which February has 29 days. Assume 360 days in a year...
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note January 5 120 days $92,000 6% а. b. February 15 18,000 4 30 days 65,000 45 days May 19 8 C. 33,600 d. August 20 90 days 90 days October 19 46,000 7 е. Assume a leap year in which February has 29 days. Assume 360 days...
Indicate the maturity date of each of the following promissory notes: Date of Note Terms Maturity Dates a. March 13 one year after date of note b. May 4 3 months after date C. June 20 d. July 1 30 days after date 60 days after date
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Round to the nearest dollar.) Date of Interest Principal Rate Note Term 90 days $7,200 а. July 10 9% 5% 120 days b. April 25 12,000 7% 120 days C. May 19 11,200 45 days d. June 10 5,400 11% 75 days e. October 29 30,000 6%
EX 8-19 Determine due date and interest on notes Obj. 6 Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note January 5* $90,000 6% 120 days February 15* 21,000 30 days May 19 68,000 45 days August 20 34,400 90 days October 19 50,000 90 days * Assume a leap year in which February has 29 days. Trouda