Question: The following notes were received by Davis Company during 2016: Compute the maturity value of each note. Analyze: What is the total interest expense on

The following notes were received by Davis Company during 2016:

The following notes were received by Davis Company during 2016: Compute

Compute the maturity value of each note.
Analyze: What is the total interest expense on these notes for the year?

Period 3 months 90 days 3 months Note No. Date Jan. 5 June 3 Sept. 28 Face Amount S50,000 Interest Rate 10% 8,000

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