Determine the due date and the amount of interest due at maturity on the following note: Date of Note Face Amount Interest Rate Term of Note December 10 $35,000 5% 90 days
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Determine the due date and the amount of interest due at maturity on the following note: please answer the financial accounting question
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- A company collects an honored note with a maturity date of 24 months from establishment, a 10% interest rate, and an initial loan amount of $30,000. Which accounts are used to record collection of the honored note at maturity date? A. Interest Revenue, Interest Expense, Cash B. Interest Receivable, Cash, Notes Receivable C. Interest Revenue, Interest Receivable, Cash, Notes Receivable D. Notes Receivable, Interest Revenue, Cash, Interest ExpenseA customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time? A. $7,150 B. $65,000 C. $14,300 D. $2,383Can you please answer the financial accounting question?
- Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note Due Date Interest (1) Jun 1 $20,000 3% 40 days (2) June 30 9,000 3% 180 days (3) March 30 12,000 5% 45 days (4) March 1 10,000 5% 60 days (5) January 15 8,000 4% 60 daysGeneral Accounting Question solveprovide correct answer please