Question
please show all work Exa. We buy a 3 year $100, 000 note with stated rate Show annually at end. We paid $107,594 for it.
please show all work
Exa. We buy a 3 year $100, 000 note with stated rate Show annually at end. We paid $107,594 for it. for thig purchase. Assume the effective rate ia note' s premium or discount. Ex5. The firm performs legal services for Client Co. receives a $20, 000, four year note paying annual end. Show the entry for the receipt of the note a. if seems reasonable. of 12% paid the entry amortize the and interest at b. it seems unreasonable, and we know that the mkt value of the services was $21, 000. c. if seems unreasonable but. we don't know the value of the services. Assume 6' is the mkt rate for this note.
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