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During your audit of the Planetoids Corporation for the calendar year 2020 you find the foll NOTES RECEIVABLE Date Transactions Debit 2020 Sep 1 Charlie,

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During your audit of the Planetoids Corporation for the calendar year 2020 you find the foll NOTES RECEIVABLE Date Transactions Debit 2020 Sep 1 Charlie, 21%, due in 3 months 8.000 1 Discounted Charlie note Oct 1 Howard Company, 24%, due in two months 30,000 Nov 1 Vittorio, 24%, due in 13 months 60,000 30 Chino Company, no interest, due in one year 50,000 30 Discounted Chino Company's note Dec 1 Tango, 18%, due in 5 months 90,000 1 Lou Co, President, 12%, due in three months (For cash loan given to Lou Co) 120,000

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