Choose the one alternative that best completes the statement or answers the question The maturity date for a six - month note issued on January 15 would be: A) July 15. B) July 16. C) July 10 D) July 14. What is the maturity value of a 3 - month, 10% note for $40,000? A) $40,000 B) $44,000 C) $41,000 D) $42,000 Calculate the interest on a 90 - day, 9% note for $36,000, (use a 360 - day year to compute interest.) A) $460 B) $880 C) $720 $810 The maturity value of a note is the A) amount minus interest due. B) principal amount times the interest rate. c) principal amount plus interest due. D) face amount of the note. On October 1, 2015, Android Inc. made a loan to one of its customers The customer signed a 4 - month note for $100,000 at 15%. How much interest revenue did the company record in the year 2015? A) $1, 500 B) $1, 250 C) $3, 750 D) $5,000 Y. Write your answer in the space provided or on a separate sheet of paper. November1, 2015, Ealys Jewellers accepted a 3 - month, 15% note for $6,000 in settlement of an overdue account receivable. Give the journal entry to record the accrued interest at the year end On October 1, 2015, Allen Jewelry Company accepted a 4 - month, 10% for $2, 400 in settlement of an overdue account receivable. Interest revenue was accrued through December 31, 2015. Allen receive the maturity value of the note on the date. Give journal entry to record the collection of funds