Trista and Co borrowed S230,000 on December 1, 2020, for 90 days at 6% interest by signing a note to buy Jewellery inventory 1. On what date will this note mature? Maturity date March 01, 2021 2. How much interest expense is created by this note in 2020? (Use 365 days a vear. Do not round intermediate calculations and round the final answer to 2 decimal places) i
Trista and Co borrowed S230,000 on December 1, 2020, for 90 days at 6% interest by signing a note to buy Jewellery inventory 1. On what date will this note mature? Maturity date March 01, 2021 2. How much interest expense is created by this note in 2020? (Use 365 days a vear. Do not round intermediate calculations and round the final answer to 2 decimal places) i
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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![Trista and Co borrowed S230,000 on December 1, 2020, for 90 days at 6% interest by signing a note to buy Jewellery inventory 1.
On what date will this note mature? Maturity date March 01, 2021 2. How much interest expense is created by this note in 2020?
(Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fef7fccac-7382-495e-b28f-7302a8e54f10%2F83973e2e-5fdf-4d5e-be7d-921aba0d6d8b%2Fbnhh45n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Trista and Co borrowed S230,000 on December 1, 2020, for 90 days at 6% interest by signing a note to buy Jewellery inventory 1.
On what date will this note mature? Maturity date March 01, 2021 2. How much interest expense is created by this note in 2020?
(Use 365 days a year. Do not round intermediate calculations and round the final answer to 2 decimal places)
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