Bristol Manufacturing holds a $40,000, 8%, 90-day note receivable dated August 15. Calculate the maturity value of the note. a. $40,000 b. $40, 800 c. $41,200 d. $43, 200
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- Please give me answerWhat is the maturity value of the note ? General accountingNote receivable Prefix Supply Company received a 120-day, 6% note for $500,000, dated April 12 from a customer on account. Assume 360-days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. 88
- Note Receivable Maggiano Supply Company received a 120-day, 6% note for $420,000, dated June 12, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note.$ c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Cash Notes Receivable Interest Revenue< Sunshine Service Center received a $40,000, 120-day, 6% note, dated April 12, from a customer on account. Assume 360 days per year. a. Determine the due date of the note. August 10 b. Determine the maturity value of the note. 120 c. Journalize the entry for the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Aug. 10 Cash Note Receivable Interest RevenuePlease given answer general accounting
- Note receivable Prefix Supply Company received a 120-day, 7% note for $84,000, dated April 12 from a customer on account. Assume 360-days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. $ c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. EA 60-day, 5% note for $10,800, dated April 15, is received from a customer on account. The face value of the note is a.$10,890 b.$10,800 c.$540 d.$11,340I need answer this accounting question
- What is the maturity value of the note ?do 12 (Computing the Proceeds from Discounted Notes) Below are several customer notes. 1. An $8,000, 12%, 60-day, non-interest-bearing note discounted after 15 days at 12% 2. A $9,000, 12%, 60-day, note discounted after 30 days at 14%. 3. A $6,000, 10%, 90-day, note discounted after 30 days at 12%. 4. A $10,000, 12%, 120-day, note discounted after 45 days at 15%. Required Determine the Proceeds from each of the preceding discounted customer notes.Rakesh