College Accounting (Book Only): A Career Approach
12th Edition
ISBN: 9781305084087
Author: Cathy J. Scott
Publisher: Cengage Learning
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Chapter D, Problem 2P
a.
To determine
Compute the maturity date of the note.
b.
To determine
Compute the interest to be paid on the given note.
c.
To determine
Journalize the issuance of note, and payment of note at maturity.
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7.2 Ch 7: Notes Payable and Interest, Revenue recognition explained; Author: Accounting Prof - making it easy, The finance storyteller;https://www.youtube.com/watch?v=wMC3wCdPnRg;License: Standard YouTube License, CC-BY