Martin Manufacturing held three interest-bearing notes during 2005 and 2006. For each note determine the following: a.

Fantastic news! We've Found the answer you've been seeking!

Question:

Martin Manufacturing held three interest-bearing notes during 2005 and 2006. For each note determine the following:
a. Maturity date
b. Maturity value
c. Interest revenue to be reported on December 31, 2005

Note 1-issued sept 25, 2005, $15,000, 10%, 60 days
Note 2-issued nov 20, 2005, $25,000, 12%, 90 days
Note 3-issued dec 30, 2005, $14,000, 9%, 30 days