430Chapter 8 ReceivablesObi* EX 8-19 Determine due date and interest on notesDetermine the due date and the amount of interest due at maturity on the following notesVa. May 4, $1,800Interest RateTerm of NoteDate of NoteFace Amount120 days30 days45 days90 days90 days$90,0006%January 5*February 15May 19August 20October 19a.(0)421,00068,000b.SHOW ME HOW EXCEL TEMPLATEC.8.d.34,40050,000e.Assume a leap year in which February has 29 days.Obj. 6

Due Date = Date of Note + Number of Days of the Note Amount of Interest due at Maturity = Face…

* EX 8-19 Determine due date and interest on nötë 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 6% 120 days

* EX 8-19 Determine due date and interest on nötë 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 6% 120 days

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter8: Receivables

Section: Chapter Questions

Problem 8.19EX: Determine due date and interest on notes Determine the due date and the amount of interest due at...

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12:43 1 ul LTE A v2.cengagenow.com Determine Due Date and Interest on Notes 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 January 10* $40,000 5% 90 days a. b. March 19 18,000 180 days June 5 90,000 30 days C. d. September 8 36,000 90 days e. November 20 27,000 60 days *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest (a) Apr. 10 (b) Sept. 15 (c) July 5 (d) Dec. 7 (e) Jan. 19
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