College Accounting - With Quickbooks 2015 CD and Access
College Accounting - With Quickbooks 2015 CD and Access
12th Edition
ISBN: 9781305790254
Author: Scott
Publisher: Cengage
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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