Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dolla a. C. b. April 1 e. a. d. August 30 October 16 b. C. Date of Note d. January 15 e. June 22 Due Date Face Amount $103,460 18,715 42,875 27,945 18,620 Interest Due at Maturity 10000 Interest Rate 10 % 7 7 3 13 8 Term of Note 30 days 90 days 45 days 120 days 50 days

Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dolla a. C. b. April 1 e. a. d. August 30 October 16 b. C. Date of Note d. January 15 e. June 22 Due Date Face Amount $103,460 18,715 42,875 27,945 18,620 Interest Due at Maturity 10000 Interest Rate 10 % 7 7 3 13 8 Term of Note 30 days 90 days 45 days 120 days 50 days

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 6SEA: JOURNAL ENTRIES (ACCRUED INTEREST RECEIVABLE) At the end of the year, the following interest is...

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