Question
Notes Receivable On 04/15/19, City One Bank loaned $15,000 to Jones company in exchange for an 8%, 90-day promissory note. Required:1) Indicate the date of
Notes Receivable
On 04/15/19, City One Bank loaned $15,000 to Jones company in exchange for an 8%, 90-day promissory note.
Required:1) Indicate the date of Maturity 2) Calculate the Maturity Value of the Note. 3) Record the journal entry at Maturity for the collection of the note.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
