Note receivable: Note receivable refers to a written promise by the debtor for the amounts to be received within a stipulated period of time. This written promise is issued by a debtor or, a borrower to the lender or, creditor. Notes receivable is an asset of a business. Interest on note: Interest on note is the amount charged on the principal value of note for the privilege of borrowing money. Interest is to be paid by the borrower, and to be received by the lender. The missing amounts for each of the following notes.

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Chapter 8, Problem 16Q

To determine

Note receivable:

Note receivable refers to a written promise by the debtor for the amounts to be received within a stipulated period of time. This written promise is issued by a debtor or, a borrower to the lender or, creditor. Notes receivable is an asset of a business.

Interest on note:

Interest on note is the amount charged on the principal value of note for the privilege of borrowing money. Interest is to be paid by the borrower, and to be received by the lender.

The missing amounts for each of the following notes.

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