45.

Analysis and Calculation of Discounted Notes Payable Concept Debt is recorded as a liability by the borrower. Current liabilities are debts that will be repaid within one year. Short-term notes payable are one type of current liability. These notes can be issued: To purchase merchandise or assets, To satisfy an existing account payable, or To a bank for cash. Learning Expectation Determine the proceeds, interest, and amount due at maturity for a discounted short-term note payable. Use the Dynamic Exhibit to answer the following questions. 1. When the rate of interest on the note is 15%, the amount of cash received on August 10th is $ 2. When the rate of interest on the note is 15%, the amount paid to the Western National Bank on November 8th is $ 3. When the rate of interest on the note is 13%, the amount of interest expense is $ 4. When the rate of interest on the note is 12%, the amount paid to the Western National Bank on November 8 is $ Analysis and Calculation of Discounted Notes Payable Concept Debt is recorded as a liability by the borrower. Current liabilities are debts that will be repaid within one year. Short-term notes payable are one type of current liability. These notes can be issued: To purchase merchandise or assets, To satisfy an existing account payable, or To a bank for cash. Learning Expectation Determine the proceeds, interest, and amount due at maturity for a discounted short-term note payable. Use the Dynamic Exhibit to answer the following questions. 1. When the rate of interest on the note is 15%, the amount of cash received on August 10th is $ 2. When the rate of interest on the note is 15%, the amount paid to the Western National Bank on November 8th is $ 3. When the rate of interest on the note is 13%, the amount of interest expense is $ 4. When the rate of interest on the note is 12%, the amount paid to the Western National Bank on November 8 is $