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Problem 2 (7 points) The following are account balances from the trial balance of the Village Inn at October 31, 20X1 (the end of the

Problem 2 (7 points)

The following are account balances from the trial balance of the Village Inn at October 31, 20X1 (the end of the Inns fiscal year), arranged in alphabetical order.

Customer

Date of Note

Days of note

Date of Maturity

Principle

Rate

Interest

1.

2.

3.

4.

Tinos Supplies

Marchus Ins.

Beams Lighting

Bensons

Jan. 8

March 12

May 22

October 6

60 days

2 months

90 days

180days

?

?

?

?

$2,000

10,000

3,000

5,000

12%

10%

12%

10%

?

?

?

?

Required: Determine the interest at maturity for the above notes and Dates of Maturity

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