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Assuming a 360-day year, when a $9,300, 90-day, 6% interest-bearing note payable matures, total payment will be Round your answer to the nearest whole dollar. a.$9,440 b.$9,858 c.$558 d.$140

can you please help me answer this question On January 1, 2020, a company buys a piece of equipment costing $666,633 with a 14% installment note. The note will be paid off with 6 semiannual payments over three years (2 payments a year for 3 years). Each payment is $139,857.   Prepare the installment note schedule, rounding all numbers to the nearest dollar:   PERIOD CASH PAYMENT INTEREST EXPENSE REDUCTION OF N/P N/P BALANCE        1/1/20            ---                    ---                            ---              $666,633       6/30/20     12/31/20       6/30/21     12/31/21       6/30/22     12/31/22     Provide the journal entry to record the purchase of the equipment on January 1, 2020. Provide the journal entry for June 30, 2022.

Select the correct answer and explain What is the discount to a promissory note with a face value of $ 27,350? Consider that it is negotiated with the 6.25% annual simple discount, five months before expiring. a. $ 701.25 b. $ 721.66 c. $ 680.00 d. $ 712.21

Show your solution in good accounting form PINK Company reported a 10% note payable of ₱3,600,000 on June 30, 2021. The note is dated October 1, 2019, and payable in three equal annual payments of ₱1,200,000 plus interest. The first interest and principal payment were made on October 1, 2020. On June 30, 2021, what amount should be reported as accrued interest payable for this note?    a. ₱ 180,000 b. ₱ 60,000 c. ₱ 90,000 d. ₱ 270,000

on June 8th Alton Co issued an $70620 11% 120 Day note payable to seller Co. Assuming a 360 day year for your calculations what is the maturity value of the note? When required, round your answer to the nearest dollar.

What is the annual rate of interest being charged on a 3-month note receivable of $51,000 if the total interest is $1,530? 22 Multiple Choice 3% O 6% 7% 12% J

Assuming a 360-day year, when a $14, 000, 90 - day, 12% interest - bearing note payable matures, the total payment will be a. $14, 420 b. $420 c. $1,680 d. $15, 680

Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO 400, and the cash proceeds received and available to use for the 60-day period is RO19600 what is the actual interest rate on this note? a. 12.24% b. 12.00% c. 10.00% d. 12.45%

25 A company purchases a piece of machinery by issuing a $300,000 five-year note payable. The stated and effective annual interest rates are both 6%, and monthly installment payments are $5,800. What is the balance in the Notes Payable account after two payments have been made? $288,400 O $291,379 $295,700 $300,000 NEXT > BOOKMARK

Give correct calculation

Part XI: A Note Payable Carl's Candy Shop borrows $173,255 from Third Street Bank. This is a Note Payable, due in 4 years, with an annual interest rate of 6%. Interest is to be paid at the end of every year and the annual payment will also pay off some of the principal. The note was originated on January 1, 2021 and is due on December 31, 2024. The annual payment is $50,000. This covers both interest and principal. The number of periods is The annual interest rate is Complete the amortization table. Date 1/1/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 Totals Amortization Table for Carl's Candy Shop Periodic Payment Interest Expense % or A Decrease in Note Payable Show the journal entries necessary for the first year, 2021. 11 Book Value

i will 10 upvotes urgent both answers

Assuming a 360-day year, when a $11,918, 90-day, 10% interest-bearing note payable matures, total payment will be a.$13,110 b.$1,192 c.$298 d.$12,216

Help please

The interest on a $3,000, 10%, 180-day note receivable is (assume 360 days per year) O $150 O $3.300 O $300 $3000 Onmi ERCO DUTO