please answer questions number 1,3,5,7,9

paid at maturity by A note that was not Dishonored note ro the maker. Questions, Classroom Demonstration Ex Discussion Questions and Critical Thinking/Ethical Case Notes 1. List three reasons why a company may use Payable instead of Accounts Payable and whether the company is the maker or payee. 2. Explain the parts of a promissory note. 3. What is the difference between finding date by (a) days maturity (b) months? r 4. Notes Receivable is a current liability sheet. Accept on the balance reject. Why? 5. Why is a subsidiary ledger not needed for notes? 6. Only matured notes are listed in the Notes Receivable account. Agree disagree? Please or discuss. 7. Explain what will happen ifa maker defaults on a note. (Assume the note has not been discounted.) 8. List the four steps to arrive at proceeds in the process of discounting a note. 9. What is meant by a contingent liability? y use Notes J ...1