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Wrigley Company issued the following notes during 20X1. Find the interest due on each of the notes, using the interest formula method. Analyze: What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Complete this question by entering your answers in the tabs below. Interest Due Analyze Find the interest due on each of the notes, using the interest formula method. (Use 360 days a year.) 1. A $20,000 note at 8 percent for 180 days, issued February 15. 2. A $6,000 note at 12 percent for 3 months, issued October 3. 3. A $25,000 note at 9 percent for 120 days, issued October 18. Interest

Wrigley Company issued the following notes during 20X1. Find the interest due on each of the notes, using the interest formula method. Analyze: What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Complete this question by entering your answers in the tabs below. Interest Due Analyze Find the interest due on each of the notes, using the interest formula method. (Use 360 days a year.) 1. A $20,000 note at 8 percent for 180 days, issued February 15. 2. A $6,000 note at 12 percent for 3 months, issued October 3. 3. A $25,000 note at 9 percent for 120 days, issued October 18. Interest

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.12E
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S Wrigley Company issued the following notes during 20X1. Find the interest due on each of the notes, using the interest formula method. Analyze: What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Complete this question by entering your answers in the tabs below. Interest Due Analyze Find the interest due on each of the notes, using the interest formula method. (Use 360 days a year.) 1. A $20,000 note at 8 percent for 180 days, issued February 15. 2. A $6,000 note at 12 percent for 3 months, issued October 3. 3. A $25,000 note at 9 percent for 120 days, issued October 18. Interest
Transcribed Image Text:S Wrigley Company issued the following notes during 20X1. Find the interest due on each of the notes, using the interest formula method. Analyze: What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Complete this question by entering your answers in the tabs below. Interest Due Analyze Find the interest due on each of the notes, using the interest formula method. (Use 360 days a year.) 1. A $20,000 note at 8 percent for 180 days, issued February 15. 2. A $6,000 note at 12 percent for 3 months, issued October 3. 3. A $25,000 note at 9 percent for 120 days, issued October 18. Interest
Wrigley Company issued the following notes during 20X1. Find the interest due on each of the notes, using the interest formula method. Analyze: What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Complete this question by entering your answers in the tabs below. Interest Due Analyze What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Balance in notes payable Interest Due Analyze >
Transcribed Image Text:Wrigley Company issued the following notes during 20X1. Find the interest due on each of the notes, using the interest formula method. Analyze: What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Complete this question by entering your answers in the tabs below. Interest Due Analyze What is the balance in Notes Payable on December 31, 20X1, assuming that all notes were paid when due? Balance in notes payable Interest Due Analyze >
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