* 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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Chapter 8 Receivables
Obi
* EX 8-19 Determine due date and interest on notes
Determine the due date and the amount of interest due at maturity on the following notes
Va. May 4, $1,800
Interest Rate
Term of Note
Date of Note
Face Amount
120 days
30 days
45 days
90 days
90 days
$90,000
6%
January 5*
February 15
May 19
August 20
October 19
a.
(0)
4
21,000
68,000
b.
SHOW ME HOW EXCEL TEMPLATE
C.
8.
d.
34,400
50,000
e.
Assume a leap year in which February has 29 days.
Obj. 6
Transcribed Image Text:430 Chapter 8 Receivables Obi * EX 8-19 Determine due date and interest on notes Determine the due date and the amount of interest due at maturity on the following notes Va. May 4, $1,800 Interest Rate Term of Note Date of Note Face Amount 120 days 30 days 45 days 90 days 90 days $90,000 6% January 5* February 15 May 19 August 20 October 19 a. (0) 4 21,000 68,000 b. SHOW ME HOW EXCEL TEMPLATE C. 8. d. 34,400 50,000 e. Assume a leap year in which February has 29 days. Obj. 6
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