10-2A  Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Date of Note                                                                      Principal               Interest Rate                      Term August 5                                                                               $15,000                                 9%                          120 days May 10                                                                                 8,400                                     7                              90 days October 5                                                                            12,000                                   9                              45 days July 6                                                                                     4,500                                     10                           60 days September 15                                                                    12,000                                   8                              75 days

Q: Date Face Amount Term İnterest Rate 1. Mar. 6 $75,000 60 days 4% 2. Apr. 7 40,000 45 days 6% 3. Aug.…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: Journalizing Installment Notes On the first day of the fiscal year, a company issues $52,000, 11%,…

A: Note means an instrument acknowledging as debt due from one party to another party. It carry defined…

Q: 12. A 90-day, 15% interest-bearing note receivable is sold to a bank with recourse after being held…

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Q: Date Face Amount Rate Аpг. 10 $96,000 4% 60 days 1. 2. June 24 18,000 30 days 3. July 1 63,000 120…

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Q: 8) Camrey Company issued a five-year, interest-bearing note payable for $50,000 on January 1, 2013.…

A: First installment of principal paid on Jan 1, 2014 = $10,000     Seconf installment of principal to…

Q: Journalizing Installment Notes On the first day of the fiscal year, a company issues $52,000, 11%,…

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Q: PROBLEM 2 (MODIFIED) Winter Corporation received the following notes in 2020: NOTE DATE PRINCIPAL…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Problem 07 The following are three notes held by SANDMAN Company starting January 1, 2019: a. 5 year…

A: Solution 1: Computation of Present Value of Note Table values are based on: n= 5     i=…

Q: Journalizing Installment Notes On the first day of the fiscal year, a company issues $39,000, 10%,…

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Q: j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note).…

A: The account receivables are also known with the name of debtors. These are the values due to a firm…

Q: Mr. Potts issued a 90-day, 7% note for $200,000, dated February 3 to Valley Co. on account. (Assume…

A: Note means an instrument acknowledging as debt due from one party to another party. It carry defined…

Q: Date of Note Face Amount Interest Rate Term of Note a. January 10* $40,000 5% 90 days b. March 19…

A: Formula: Interest amount = Note value x Interest rate x Time period.

Q: EX 8-19 Determine Determine the due date and the amount of interest due at maturity on the following…

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Q: 3-year, P900,000 receivable due as follows 0. On Jan. 1, 20x1, Parya Co. rece note…

A: Introduction: The present value (PV) of a future sum of money or stream of revenue is its current…

Q: Determine the maturity date and compute interest for each note.

A: Maturity date of notes receivable is calculated on the basis of the wordings in the note. If it is…

Q: 62. A hospitality company is the maker of an $18,000 note to be paid in quarterly installments of…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $75,000, INTEREST RATE IS 9 %% CALCULATE…

A: Due date = Issuance date + 156 days = 11/24/2021 + 156 days = 29 April, 2022

Q: Determine the due date and the amount of interest due at maturity on the following notes:

A: A promissory note is a promise made by the customer to repay the sum for the goods purchased on…

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Q: Proceeds from Notes Payable On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a…

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Q: On January 1, 20X1, the company received a $10,000 three-year note bearing interest at 10% annually.…

A: Journal entry is a primary entry that records initially the financial transactions of the company.

Q: . Potts issued a 90-day, 7% note for $200,000, dated February 3 to Valley Co. on account.…

A: The person who promised to pay the specified amount by signing a note is treated as notes payable as…

Q: GPS Company estimated annual warranty expense at 8% of net sales. The following data relate to the…

A: Warranty Expense = 8% of Net sales  Warranty Liabilities  Before adjustment - 100,000 Debit  After…

Q: On January 1, 20Y2, Hebron Company issued a $33,000, 4-year, 8% installment note to Ventsam Bank.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: $14-1 Accounting for a long-term note payable On January 1, 2018, Lakeman-Fay signed a $1,500,000,…

A: The note payable is a kind of contract which specify the payment to be made in future along with…

Q: For the following notes, calculate the due date.       Date of Note   Term of Note     Due Date…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: a.  Journalize the entry to record the issuance of the installment notes.                   b.…

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Q: Der 30", 2020 for OMR 10,000 with an interest rate of 5%. The maturity date of the note is 11th…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: NOTE DATE PRINCIPAL INTEREST TERM AMOUNT RATE A August 31 Php 200,000 10% 6 months B October 19 Php…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: EX 10-19 Entries for installment note transactions On the first day of the fiscal year, Shiller…

A: Intallement note means a kind of loan taken , which will be repaid after certain period of time as…

Q: Determine the due date and amount of interest due at maturity on the following notes. Assume 360…

A: Calculation of interest amount: Interest amount for a=$8,000×9%60360=$120Interest amount for…

Q: Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed…

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Q: Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a…

A: Note Payable is the liability of a firm which is required to be repaid in short-term. It allows the…

Q: Compute the maturity value. A eight month, 13.18%, promissory note for $704 is issued March 17,…

A: Formula: Maturity value = Principal note value + Interest amount

Q: Question 11 A nine months 15% note for $9,000 dated April 15 is reciebed from a customer. The…

A: Maturity value of Note = Face value of Note + Interest on Note  where, Interest on Note = Face value…