The Muzby Pet Grooming Company purchased a computer on December 31, 2012, and gave a four-month, 7%

Question:

The Muzby Pet Grooming Company purchased a computer on December 31, 2012, and gave a four-month, 7% note with a face value of $6,000. On maturity, April 30, 2013, the note plus interest will be paid to the bank. Fill in the blanks in the following chart:

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...