Question: A written promise to pay a specified amount on a definite future date within one year or the company's operating cycle is called: O current

A written promise to pay a specified amount on a definite future date within one year or the company's operating cycle is called: O current note payable noncurrent note payable O accounts payable O long term debt Question 24 1 pt An amount received in advance from customers for future goods or services is called: earned revenue expenses accounts receivable O unearned revenue A company signs a 60 day 5% note payable for $10,000 dated March 1, 2020. The total amount of interest due at maturity is: O 83.33 O 166.67 500 O 100 Question 26 1 pts A company accepts a 90 day 5% note receivable for $1,000 dated April 1, 2020. The total amount to be received at maturity including principle and interest is: O 12.50 O 1,000 0 1,012.50 O 1,050.50
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
