Question: A B C D E F G H Case 1 Case 2 Case 3 Case 4 Case 5 2 Date of Note 3/15/21 05/12/2021 07/11/2021

A B C D E F G H Case 1 Case 2 Case 3 Case 4 CaseA B C D E F G H Case 1 Case 2 Case 3 Case 4 Case
A B C D E F G H Case 1 Case 2 Case 3 Case 4 Case 5 2 Date of Note 3/15/21 05/12/2021 07/11/2021 08/12/2021 10/20/21 3 Terms in Days 60 days 90 days 150 days 180 days 150 days 4 Interest Rate 12% 10% 12.50% 11% 15% 5 Face Value 100,000 150,000 250,000 500,000 6 Interest 2,000.00 3,750 13,020.83 31,250 7 Maturity Value 102,000.00 153,750 263,020.83 316,500 531,250 8 Maturity Date 14-May-21 10-Aug-21 08-Dec-21 08-Feb-22 19-Mar-22 9 Date of Discounting 12-Apr-21 02-Jul-21 20-Sep-21 01-Dec-21 10 Discount Period 32 days 39 days 79 69 11 Discount Rate 14% 11.94% 15.00% 13% 18% 12 Discount 1,269.33 1,998.75 8,657.77 7,886.13 19,921.88 13 Proceeds 100,730.67 151,751.25 254,363.06 308,613.88 14 Accrued Interest on Discount Date 933.33 2,125 6,163.19 15,625 15 Carrying Amount 100,933.33 152,125 256,163.19 310.175 16 Gain (Loss) on Discounting -202.67 -373.75 -1,800.13 17 18Guidelines: Fill in the yellow cells with the correct details. See if the values in some yellow cells are correct. If incorrect, replace them with the right value A D E F G H Coco 1 Caso 2 Can 3 Case 4 Date of Note 3/15/21 05/12/2021 07/11/2021 08/12/2021 10/20/21 3 Terms in Days 60 days 90 days 150 days 180 days 150 days 4 Interest Rate 120% 10% 12.50% 11% 15% 5 Face Value 100,000 150.060 250,000 500,000 5 Interest 2,000.00 3.750 13,020.83 31,250 7 Maturity Value 102,000.00 153,750 263,020.83 316,500 531,250 5 Maturity Date 14-May 21 10 Aug 21 08-Doc-21 08-Fob 22 19 Mor-22 9 Date of Discounting 12-Apr-21 02-Jul-21 20-Sep-21 01-Dec-21 10 Discount Period 32 days 39 days 79 69 11 Discount Rate 14% 11.94% 15.00% 13% 10% 12 Discount 1,269.33 1,998.75 8.657.77 7,886.13 19.921.88 13 Proceedy 100,730.67 151,751.25 254,363.06 308,613.88 14 Accrued Interest on Discount Date FE TE6 2.125 6.163.19 15,625 15 Carrying Amount 100,933.33 152.125 256.163.19 310.175 16 Gain (Loss] on Discounting 202 47 373.75 1,800.13 17

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!