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The following cases are independent and relate to short-term notes payable. Principal and interest are to be paid at maturity in all cases. Fill in

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The following cases are independent and relate to short-term notes payable. Principal and interest are to be paid at maturity in all cases. Fill in the missing items in the table below. If no number is required, enter zero. Items marked XXXX need not be calculated. Interest is to be calculated using months. Note to be Interest Payable 2002 Interest Case Principal Interest Rate Note Given Repaid 12/31/01 Expense 1. $60,000 8/30/01 8/30/03 5% 2. $30,000 10% 9/1/00 3/1/05 XXXX 3. $60,000 8% $2,000 $ 1000 4. $20,000 4/1/01 4/1/02 1,350 XXXX 5. 8% 12/1/01 3/1/02 XXXX 1,000 6. 4% 10/1/01 6/1/02 1,600 XXXX

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