As a staff accountant for Advanced Micro Devices, you have been asked to discuss the company’s notes payable and receivable with the accounting clerks. Prepare note cards containing the terms below. Arrange these terms in meaningful groups. Explain why you have grouped terms together. Are they related? Are they part of the same thing? Is one the result of another? Are they opposites? 

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bank discount face value interest interest-bearing note payable interest rate issue date long-term liabilities maker maturity date maturity value non-interest- bearing note payable note payable note receivable other expense other revenue payee principal proceeds promissory note term