12:43 1 ul LTE A v2.cengagenow.com 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 10* $40,000 5% 90 days a. b. March 19 18,000 180 days June 5 90,000 30 days C. d. September 8 36,000 90 days e. November 20 27,000 60 days *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest (a) Apr. 10 (b) Sept. 15 (c) July 5 (d) Dec. 7 (e) Jan. 19

12:43 1 ul LTE A v2.cengagenow.com 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 10* $40,000 5% 90 days a. b. March 19 18,000 180 days June 5 90,000 30 days C. d. September 8 36,000 90 days e. November 20 27,000 60 days *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest (a) Apr. 10 (b) Sept. 15 (c) July 5 (d) Dec. 7 (e) Jan. 19

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

ChapterD: Notes Payable And Notes Receivable

Section: Chapter Questions

Problem 1P: Part A: Calculate the interest on the following notes: Part B: Determine the maturity dates on the...

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