Assume 360 days in a year when computing the interest. Date of Note Face Amount $55,000 36,000
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Date of Note Face Amount $55,000 36,000 78,000 13,800 58,000 Term of Note 90 days 60 days 45 days 60 days 120 days Interest Rate January 22 March 9 June 15 September 4 October 1 8% C. 4 6 Note Due Date Interest 44000 April 22 v May 8 v July 30 Nov. 3 an. 29V
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The due date and amount of interest due at maturity on each note is as follows Note Due date ...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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