Horngren's Accounting, The Financial Chapters, Student Value Edition (11th Edition)
11th Edition
ISBN: 9780133876352
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 9, Problem P9.31APGA
Accounting for notes receivable and accruing interest
Cathy Realty loaned money and received the following notes during 2016.
| Note | Date | Principal Amount | Interest Rate | Term |
| (D | Jun. 1 | $ 18,000 | 8% | 1 year |
| (2) | Sep 30 | 24,000 | 12% | 6 months |
| (3) | Oct. 19 | 10,000 | 9% | 60 days |
Requirements
1. Determine the maturity date and maturity value of each note.
2.
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Chapter 9 Solutions
Horngren's Accounting, The Financial Chapters, Student Value Edition (11th Edition)
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