Question
Wrigley Company issued the following notes during 2019. Find the interest due on each of the notes, using the interest formula method. Analyze: What is
Wrigley Company issued the following notes during 2019. Find the interest due on each of the notes, using the interest formula method. Analyze: What is the balance in Notes Payable on December 31, 2019, assuming that all notes were paid when due?
Find the interst due on each of the notes, using the interst formula method. (use the 360 days a year)
1. A $15000 note at 9 percent for 180 days, issued February 15
2. A $14000 note at 12 percent for four months, issued October 3.
3. A $20000 note at 10 percent for 180 days, issued October 18.
What is the balance in Notes Payable on December 31,2019, assuming that all noted were paid when due?
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