Please help with accounting On October 1, $10,500 is deposited at at 8% for 60days.What is the due date and the amount of interestdue at maturity?

Maturity Date:Counting 60 days from October 1:October has 31 days. So, 31 (October 1st inclusive)…

Answered: On October 1, $10,500 is deposited at…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 24Q: Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms...

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On October 1, $10,500 is deposited at at 8% for 60 days. What is the due date and the amount of interest due at maturity?