Find his payoff amount on maturity date of the note, according to the U.S. Rule.

Bruce Wayne borrowed $14 300.00 for investment purposes on May 19, on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31.  He paid $1,300.00 on June 28, $1,450 on September 25, and $4,200.00 on November 15. How much is the final payment on December 31 if the rate of interest was 11.5% on May 19; 8.21% effective August 1; and 6.35% effective November 1?   Payment Date Payment  Interest Cost Principal Portion Outstanding Balance 19-May       14300 28-Jun 1300 0 1300 13000 25-Sep 1450 0 1450 11550 15-Nov 4200 0 4200 7350 31-Dec 7350 0 7350 0                               Interest Calculation         Dates Days Time = Days/365 R (rate of interest) Interest cost First Interest Payment          May 19 to June 28                   Second Interest Payment          June 29 to July 31         Aug 1 to Sept 25         Total Interest Payment        0           Third Interest Payment          Sept 26…

Brief, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2020, Brief correctly included this receivable for 377,500 local currency units (LCU) in its balance sheet at $290,000. When Brief collected the receivable on February 15, 2021, the U.S. dollar equivalent was $301,200. In Brief's 2021 consolidated income statement, how much should it report as a foreign exchange gain?   Multiple Choice   $16,200   $27,400   $0   $11,200

Looking for help on Journal Entry 7 ( interest expense and foreign exhange loss) and Journal Entry 8 (not payable and foreign exhange loss).