Presented below are data on three promissory notes. Determine the missing amounts. Date of Maturity Annual Total
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Presented below are data on three promissory notes. Determine the missing amounts.
Date of Maturity Annual Total Note Terms Date Principal Interest Rate Interest
(a) April 1 60 days ? $600,000 5% ?
(b) July 2 30 days ? 90,000 ? $600
(c) March 7 6 months ? 120,000 10% ?
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Related Book For 
Financial Accounting
ISBN: 9780470929384
8th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather
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