Manning Manufacturing held three interest bearing notes during 2018-2019.

For each note, determine the following items:

The notes maturity date

The notes maturity value (total amount due)

Interest revenue to be recorded on the note in 2018

Note 1 issued September 25, 2018, 15,000, 10%, 60 days

Note 2 issued November 20, 2018, $25,000, 12%, 90 days

Note 3 issued December 1,2018,14,000, 9%, 45 days

Answer Note 1 Note 2 Note 3

Maturity Date

Maturity Value

Interest revenue for 2018 only

(Hint: May not be the entire notes interest