RGF Manufacturing recently signed a $200,000, 4-month note on June 22. The interest rate is 5%. Complete

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RGF Manufacturing recently signed a $200,000, 4-month note on June 22. The interest rate is 5%. Complete the following for the note and then record the journal entries below:

Maturity Date:

Interest:

Maturity Value:

Journalize the issuance of the note for RGF and the Bank (Both sides, the receivable and payable)

RGF

Bank

Journalize the payment of this note on October 22 for RGF and the Bank (Both sides, the receivable and payable)

RGF

Bank

Related Book For answer-question

An Introduction to Derivative Securities Financial Markets and Risk Management

ISBN: 978-0393913071

1st edition

Authors: Robert A. Jarrow, Arkadev Chatterjee

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Posted Date: Aug 08, 2019 02:10 AM

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RGF Manufacturing recently signed a $200,000, 4-month note on June 22. The interest rate is 5%. Complete

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Maturity Date Oct22 Interest 3333333 2000005412 Maturity Value 2033333 200... View the full answer

An Introduction to Derivative Securities Financial Markets and Risk Management

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