Assume that a $10,000, five-year, 8% term note, is issued on October 1, 20X3: what is the Journal Entry Cash Note Payable Cash Note Payable Accounts Payable Cash Cash 10,000 Bond Payable 10,000 10,000 10,000 10,000 10,000 10,000 10,000

The interest on a $3,000, 10%, 180-day note receivable is (assume 360 days per year) O $150 O $3.300 O $300 $3000 Onmi ERCO DUTO

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 10* $40,000      5% 90 days     b. March 19 18,000     8  180 days     c. June 5 90,000     7  30 days     d. September 8 36,000     3  90 days     e. November 20 27,000     4  60 days     *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a.   $fill in the blank 2 b.   fill in the blank 4 c.   fill in the blank 6 d.   fill in the blank 8 e.   fill in the blank 10

The Deposit value on 10/1/20 is 4X. Not 8X.

A bank bill with a face value of $100,000 was issued today and it matures in 60 days' time. If interest rates are 6% p.a. what amount of interest is earned if the bill is held until maturity? a. $99,023.33 b. $1,457.88 C. $976.67 Od. $6,000.00 Oe. $78,260.87

What account would be debited (1), what account would be credit (2), and what amount would be paid to record the journal entry for each interest payment based on a $200,000 five-year, 10% bond and the bond was issued at $192,462 (11%) and interest is paid semiannually? JOURNAL Page 25 DATE DESCRIPTION P.REF. DEBIT CREDIT (1) ? (2) ? (1) Interest Expense debit $11,000, and (2) Cash credit $11,000 (1) Interest Expense debit $10,000 and (2) Cash credit $10,000 (1) Cash debit $20,000 and (2) Interest Expense credit $20,000 (1) Cash debit $22,000, and (2) Interest Expense credit $22,000

Assuming a 360-day year, the interest charged by the bank, at the rate of 8%, on a 90-day, discounted note payable of $105,987 is a.$4,240 b.$8,479 c.$2,120 d.$105,987

What is the annual rate of interest being charged on a 9-month note receivable of $54,000 if the total interest is $1,620? Multiple Choice O 4% 3% 6% 7%