Question
On January 1, 2019 pilar makee corporation issues a non interest bearing note due December 31, 2020, with face value of $10,000, and received cash.
On January 1, 2019 pilar makee corporation issues a non interest bearing note due December 31, 2020, with face value of $10,000, and received cash. The effective intrest rate Is 10% and paid intrest semi annually.
1. January 1, 2019 the date the note is issued
2. On June 30, 2019
3. On December 31,2019
4. Payment of the note on December 31, 2020
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Financial Accounting An Introduction
Authors: Jacqui Kew, Alex Watson
4th Edition
0199046484, 978-0199046485
