Question
***PLEASE POST RESPONSES CLEARLY THANK YOU***** BE8-10 Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) Date
***PLEASE POST RESPONSES CLEARLY THANK YOU*****
BE8-10 Presented below are data on three promissory notes.
Determine the missing amounts. (Use 360 days for calculation.)
Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest
(a) April 160 days ___________ $609,000 6% ____________
(b) July 230 days___________$61,440 ___________%$512
(c) March 7 6 months ___________ 120,800 9% ____________
Determine maturity dates and compute interest and rates on notes.
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
0471413658, 978-0471413653
