Non-interest-bearing note: A non interest-bearing note refers to a note or bond which actually pays interest, with no stated interest rate. This interest is implied in the face value of the note itself. To calculate: The amount at which Company F should record the note receivable and corresponding sales revenue on June 30, 2018.

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Chapter 5, Problem 5.6E

To determine

Non-interest-bearing note:

A non interest-bearing note refers to a note or bond which actually pays interest, with no stated interest rate. This interest is implied in the face value of the note itself.

To calculate: The amount at which Company F should record the note receivable and corresponding sales revenue on June 30, 2018.

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