Determine the maturity date, interest at maturity, and maturity value for each of the following notes. (Round to the nearest cent.) a. A 60-day, 10 percent, $4,800 note dated January 5 received from P. Shah for granting a time extension on a past-due account. b. A 60-day, 12 percent, $3,000 note dated March 9 received from I. Bell for granting a time extension on a past-due account.

Determine the maturity date, interest at maturity, and maturity value for each of the following notes. (Round to the nearest cent.) a. A 60-day, 10 percent, $4,800 note dated January 5 received from P. Shah for granting a time extension on a past-due account. b. A 60-day, 12 percent, $3,000 note dated March 9 received from I. Bell for granting a time extension on a past-due account.

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 2CE

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