20140.01 35 On September 1, 2024, Daylight Donuts signed a $160,000,8%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2025. Daylight Donuts accrued interest for the note on December 31, 2024. Which of the following would be recorded on the payment of the note plus accrued interest at maturity on March 1, 2025? (Do not round your intermediate calculations.) Multiple Choice Interest Expense of $4,267 interest Expense of $2.133 interest Expense of $6,400 Help Interest Payable of $2.133 Save & Exit Submit

[The following information applies to the questions displayed below.] Agrico Inc. accepted a 10-month, 12.8% (annual rate), $9,000 note from one of its customers on May 15, 2019; interest is payable with the principal at maturity. b-1. Prepare the horizontal model to record collection of the note and interest at maturity. (Use amounts with + for increases and amounts with – for decreases.) Please don't provide solution image based thanku

1. CJ, Inc. issued a promissory note to AJ, Inc. in the amount of $400,000 on January 1, 2014, the due date is December 31, 2018. The note has a stated rate of 4%. Interest is due each year on December 31. The current yield rate of interest is 8%. a) What is the present value of the note. b) What entry would AJ, Inc. journalize for the issuance of the note? |

7) On December 1, 2022, Olympia Hot Yoga issued a note payable to Columbia Bank for $45,000 with an annual interest rate of 6% and a term of six months (due May 31, 2023).    What is the amount of interest expense recognized by Olympia Hot Yoga in 2022?           What is the amount of interest expense recognized by Olympia Hot Yoga in 2023?           What is the total amount Olympia Hot Yoga will pay to Columbia Bank on the maturity date?

On September 1, 2021, Daylight Donuts signed a $110,000, 10%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.Daylight Donuts should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)   Multiple Choice   $5,500.   $3,667.   $1,833.   $0.

An $9,000 note dated 06/22/2020, matures on 12/22/2020 at 8.15%.  (Banker’s Rule) In how many days is the note due? What interest is paid on the note?

None

Alpesh

On 1 January 2022, Rodney Inc. provided services to Smith Co. in exchange for Smith’s $300,000, 2-year 8% note with interest compounded semi-annually on July 1 and January 1.  The current market rate of similar notes is 12%.  Rodney Inc. financial year ends December 31. REQUIRED: 1.  Provide the following input values from your financial calculator: N =  I/Y =                   PMT =                        FV =  2.  The note was issued at = 3.  The present value of the note is =

Required information [The following information applies to the questions displayed below] On January 1, 2021, Eagle Company borrows $26,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $7,850, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. Prepare an amortization table for this installment note. Note: Round all amounts to the nearest whole dollar. Payments Period Ending (A) Beginning (B) Debit Interest (C) Debit Notes Balance. Expense Payable Date 2021 2022 2023 2024 Total $ k (D) Credit Cash S 0 (E) Ending Balance