Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.) Date of Note Principal Interest Rate Term a. August 5 $6,000 8% 190 days b. May 10 16,800 7% 160 days c. October 20 24,000 9% 115 days d. July 06 4,500 10% 130 days e. September 15 9,000 8% 145 days

Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.) Date of Note Principal Interest Rate Term a. August 5 $6,000 8% 190 days b. May 10 16,800 7% 160 days c. October 20 24,000 9% 115 days d. July 06 4,500 10% 130 days e. September 15 9,000 8% 145 days

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section: Chapter Questions

Problem 3AP

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	Date of Note	Principal	Interest Rate	Term
a.	August 5	$6,000	8%	190 days
b.	May 10	16,800	7%	160 days
c.	October 20	24,000	9%	115 days
d.	July 06	4,500	10%	130 days
e.	September 15	9,000	8%	145 days

	Maturity Date
a.	Answer	Answer	Answer
b.	Answer	Answer	Answer
c.	Answer	Answer	Answer
d.	Answer	Answer	Answer
e.	Answer	Answer	Answer

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