On February 1, Carson Company received a $9,000, 4%, four-month note receivable. What will be the cash to be received by Carson Company when the note becomes due ? Cash to be received $

On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to McLaughlin Company for cash. McLaughlin Company charges a 750 service fee, advances 85% of Jordans accounts receivable, and charges an annual interest rate of 9% on any outstanding loan balance. Prepare the related journal entries for Jordan.

On June 1, Phillips Corporation sold, with recourse, a note receivable from a customer to a bank. The note has a face value of 15,000 and a maturity value (principal plus interest) of 15,400. The discount is calculated to be 385, and the accrued interest income is 100. The recourse liability is estimated to be 1,000. Prepare the journal entry of Phillips to record the sale of the note receivable.

On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to McLaughlin Company for cash. McLaughlin Company charges a 750 service fee, advances 85% of Jordans accounts receivable, and charges an annual interest rate of 9% on any outstanding loan balance. Prepare the related journal entries for Jordan. Refer to RE6-10. On December 31, Jordan Inc. received 50,000 on assigned accounts. Prepare Jordans journal entries to record the cash receipt and the payment to McLaughlin.

A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time? A. $7,150 B. $65,000 C. $14,300 D. $2,383

On February 1, Maris Company received a 9,000, 10%, four-month note receivable. The cash to be received by Maris Company when the note becomes due is?

Please given answer general accounting

Cube Ice Company received a 120-day, 10% note for $96,000, dated April 9 from a customer on account. Assume 360 days in a year. a.  Determine the due date of the note. b.  Determine the maturity value of the note.$fill in the blank f3b771fe205d07f_2 c.  Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank.   Accounts Receivable Cash Interest Receivable Interest Revenue Notes Receivable Unearned Interest Aug. 7   fill in the blank 332b64fd401df83_2 fill in the blank 332b64fd401df83_3     fill in the blank 332b64fd401df83_5 fill in the blank 332b64fd401df83_6     fill in the blank 332b64fd401df83_8 fill in the blank 332b64fd401df83_9

On May 1, Knack Company signed a $80,000, 240-day, 6% note payable with Central Savings Bank. What is the journal entry that should be recorded by Knack upon maturity of the note? (Use 360 days a year.) O Debit Notes Payable $83,200; credit Cash $83,200. O Debit Notes Payable $80,000; debit Interest Receivable $3,200; credit Cash $83,200. O Debit Notes Payable $80,000; debit Interest Expense $3,200; credit Cash $83,200. O Debit Notes Payable $80,000; debit Interest Expense $4,800; credit Cash $84,800. O Debit Interest Expense $3,200; credit Interest Payable $3,200.

Sunshine Service Center received a 120-day, 6% note for $40,000, dated April 12 from a customer on account. Assume 360 days per year. a.  Determine the due date of the note.     b.  Determine the maturity value of the note. When required, round your answers to the nearest dollar.$fill in the blank df5724f79f8d02f_2   c.  Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Aug. 10   Cash Cash     Note Receivable Note Receivable     Interest Revenue Interest Revenue