Compute the missing amounts for each of the following notes. Principal $ 27378 $60,000 $50,000 Annual Interest Rate 6 % 10 % 11 % Time 60 days 5 months 6 months $30,000 8 % 3 years $ Total Interest
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- please answer do not image formatCalculate the missing amount for each of the following notes receivable. Face Value Annual Interest Rate Fraction of the Year Interest $10,700 6 % 4 months $27,000 5 % months $450 $32,000 % 6 months $640 10 % 6 months $670Calculate the missing amount for each of the following notes receivable.Face Value Annual Interest Rate Fraction of the Year Interest $11,000 6% 4 months (a) $30,000 5% (b) $1,500 $35,000 (c) 6 months $1,225 (d) 8% 6 months $ 700
- Calculate interest accrued for the following notes receivable as of December 31st using the following information: Maker Note 1 Note 2 $272.61 $276.40 $700 $791.67 Date of Note 11/15 12/15 Principal $20,000 $10,000 Interest Rate 10% 5% Term 120 days 90 daysProvide correct answer general accountingRako
- Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Northland, Inc., on December 31: (Use 360 days for interes nearest dollar.) Date of Maker Note Maple November 21 Wyman December 13 Nahn December 19 Maple: $ Wyman: Nahn: 0 0 0 Principal $20,000 16,000 23,000 Interest Rate Term 10% 120 days 996 90 days 896 60 daysAssuming a 360-day year, the interest charged by the bank, at the rate of 6%, on a 90-day, discounted note payable of $106,407 isCompute the due date, amount of interest and total cash received on the maturity date for the following notes receivable: 1-Date of Note: May 30; $24,000, 9%, 120 days 2-Date of Note March1; $32,500, 8%, 90 days 3-Date of Note November6; $400,000, 12%; 5months
- Compute the due date, amount of interest and total cash received on the maturity date for the following notes receivable: 1-Date of Note: May 30; $24,000, 9%, 120 days 2-Date of Note March1; $32,500, 8%, 90 days 3-Date of Note November6; $400,000, 12%; 5monthsplease answer this with explantion computation, formula for each thanks answer in textPlease answer accounting question correctly