Answered: on nov, 1. Alan co. signed a 120 day,…

on nov, 1. Alan co. signed a 120 day, 12% note payable, with a fac valus of 9,900. what is the maturity value of the note on march 1? use 360 days a year

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 16Q: Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual...

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on nov, 1. Alan co. signed a 120 day, 12% note payable, with a fac valus of 9,900. what is the maturity value of the note on march 1? use 360 days a year

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