Question
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.
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 $12,000 8% 130 days b. May 10 33,600 7% 100 days
c. October 20 48,000 9% 55 days
d. July 06 9,000 10% 70 days
e. September 15 18,000 8% 85 days
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Auditing Basics
Authors: 3G E-Learning
1st Edition
1984624261, 978-1984624260
