Question: Need help on acct hw Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable


Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Use 360 days for calculations and round the nearest dollar. Accued Interest Payble Compute the interest accured on each of the following notes payable owed by Northland, Inc., on December 31: Use 360 days for calculations and round the nearest dollar. Adjusting Entries for interest The following note transactions occurred during the year for Towell Company: Prepare the general journal entries necessary to adjust the interest accounts at December 31. Use 360 days for calculations and round to the nearest dollar
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