The following notes were received by Miller Company during 2019:

Compute the maturity value of each note.
Analyze: What is the total interest expense on these notes for the year?

Transcribed Image Text:

Note No. Date Jan. 5 Face Amount Perlod Interest Ra 8% 21 3 months $60,000 30,000 10,000 90 days 3 months 22 10% June 3 23 Sept. 28 9%