Solve this accounting question The amount due ok the maturity date of a$6000, 60-day 8%, note receivable is:A. $6000B. $6480C. $5520D. $6080E. $5920

Step 1: Define Note receivableNote receivable is a current asset that the company records on the…

Answered: The amount due ok the maturity date of…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

ChapterD: Notes Payable And Notes Receivable

Section: Chapter Questions

Problem 2P

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Similar questions

11. Subject :- Accounting
A company receives a $9,000, 8%, 60-day note. The maturity value of the note is a. $120. c. $9,120. e. $9,720. b. $9,000. d. $720.
What is maturity value of the note ?
The interest on a $ 21000, 6%, 60-day note receivable is (Use 360 days for calculation.) $ 210. $ 630. $ 420. $ 1260.
Total interest to be earned on a $7,500, 5%, 90-day note is a. $93.75. c. $1,125.00. e. $125.00. b. $375.00. d. $31.25.
Current Attempt in Progress The maturity value of a $4900, 6%, 60-day note receivable dated February 10th is O $4925. O $5194. O $4949. O $4900.
The interest on a $27000, 15%, 1-year note receivable is $31050. $228. $270. $4050.
Assuming a 360-day year, when a $11,392, 90-day, 10% interest-bearing note payable matures, total payment will be a. $11,677 Ob. $12,531 Oc. $1,139 Od. $285 That's Built PlueA
The maturity value of a $183,600, 11%, 40-day note receivable dated July 3 is a.$185,844 b.$183,600 c.$192,576 d.$203,796
The interest due at maturity on a $489.52, 8% note, dated May 28 and due August 2 is a.$6.30. b.$7.18. c.$4.37. d.$6.04.
Assuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total payment will be Oa. $560 Ob. $140 Oc. $11,760 Od. $11,340 0 0 0 0
What is the maturity value of a $30,000, 12%, six-month note?a. $28,200b. $33,600c. $30,000d. $31,800

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The amount due ok the maturity date of a $6000, 60-day 8%, note receivable is: A. $6000 B. $6480 C. $5520 D. $6080 E. $5920