Date of Note Face Amount Interest Rate Term of Note ETTI January 10 March 19 $40,000 18,000 90 days 180 days 30 days 90 days 60 days 5% b. 8. June 5 September 8 November 20 C. 90.000 d. 36,000 e. 27,000 *Assume that February has 28 days.

Q: Date Face Amount Term İnterest Rate 1. Mar. 6 $75,000 60 days 4% 2. Apr. 7 40,000 45 days 6% 3. Aug.…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: NOTE DATED APRIL 7, 2021 DUE IN 145 DAYS INTEREST RATE IS 7.5% FACE OF THE NOTE IS $12,000 CALCULATE…

A: Interest Amount = Principal Amount x Interest Rate  Maturity Value = Principal Amount + Interest

Q: %24 %24 %24 00 10. October 27, 2010 120 days February 24, 2011 From the information given below,…

A: accrued interest are those interest that has not been paid but it needs to be paid in the future.…

Q: Date Face Amount Rate Аpг. 10 $96,000 4% 60 days 1. 2. June 24 18,000 30 days 3. July 1 63,000 120…

A: Definition: Interest: The money charged by the lender for using the lender’s funds is referred to as…

Q: date                   Face                    Rate%        Term aug. 8.              45000.…

A: Income statement is an important lifeline of accounting as it defines a companies financial position…

Q: Exercise 9-4 Interest-bearing notes payable with year-end adjustments LO P1 Keesha Co. borrows…

A: The note payable is the liability for the business and has credit balance. The interest which is due…

Q: Amount Bills Term Discount Rate Date of Bills (OMR) (months) (% p.a.) February 7 250,000 3. 6. The…

A: given that, date of bill = February 7 Amount of the bill = OMR250000 Term of the bill = 3Months…

Q: november 1 jasper company loaned another company 250,000 at 12.0 interest rate the note recievable…

A: Accrued interest revenue should be reported in case we have not received the interest yet but the…

Q: A 90-day, 10% note for $10,000 dated March 15 is received from a customer on account. The face value…

A: The face Value of the note is the amount at which the note is issued. It is the Principal Amount.

Q: QUESTION 32 ABC Corporation borrows $12,000 cash on February 1. The loan has an annual interest rate…

A: Loan amount = $12,000 Interest rate = 9% Period = 10 Months

Q: h. Vacation pay expense for December, $10,500. Description Debit Credit i. A product warranty was…

A: A journal entry is prepared in order to record the business monetary transactions in the books of…

Q: Proceeds from Notes Payable On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a…

A: Notes Payable is a financial instrument used for borrowing money from Bank or any other Financial…

Q: Keesha Co $200,000 cash on November of the current year by signing a 90-day, 9%, $200.000 note. 1.…

A: Note receivable refers to a negotiable instrument. It represents the claim amount due on the…

Q: NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $75,000, INTEREST RATE IS 9 4% CALCULATE…

A: Interest Amount = P x R x T where,  P - Principal Amount R- Rate of Interest T- Period   Maturity…

Q: EAR & APR # weeks 1 PV loan. $ FV loan. $ 4.2500 5.7500 52.0000 I# periods in year weeks weekly rate…

A: The compounding of APR or Annual Percentage Rate over a period of time on the present value leads to…

Q: j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note).…

A: The account receivables are also known with the name of debtors. These are the values due to a firm…

Q: A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is…

A: Loan amount (P) = $40000 Interest rate (r) = 4% Period from June 10 to Oct 11 (d) = 123 Days

Q: ABC Company received a four-month note receivable in the amount of P74,000,000 on September 1. The…

A: Introduction: As per accrual concept any income or expenses shall be recognized only when they are…

Q: Date of Note Face Amount Interest Rate Term of Note a. January 10* $40,000 5% 90 days b. March 19…

A: Formula: Interest amount = Note value x Interest rate x Time period.

Q: Reality Corporation borrowed $175,000 on April 1. The note requires interest at 12% and principal to…

A: From April 1 to December 31 = 9 months Interest has been accrued for 9 months.

Q: Details of Notes Receivatle and Related Ertries Gen-X Ads Co. produces advertising videos. During…

A: Notes Receivable - Notes Receivable is the amount which will be promise to be paid on maturity…

Q: Determine the maturity date and compute interest for each note.

A: Maturity date of notes receivable is calculated on the basis of the wordings in the note. If it is…

Q: 62. A hospitality company is the maker of an $18,000 note to be paid in quarterly installments of…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $75,000, INTEREST RATE IS 9 %% CALCULATE…

A: Due date = Issuance date + 156 days = 11/24/2021 + 156 days = 29 April, 2022

Q: Proceeds from Notes PayableOn May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 120-day…

A: Notes payable is a liability account. It records the face value of the promissory notes that a…

Q: Calculating Accrued Interest Likert Company received a 90 day, six percent note receivable for…

A: Calculate accured interest amount:

Q: Proceeds from Notes Payable On May 15, Franklin Co. borrowed cash from Dakota Bank by issuing a…

A: Introduction: A note payable is a promissory note in writing. Under this agreement, a borrower…

Q: GPS Company estimated annual warranty expense at 8% of net sales. The following data relate to the…

A: Warranty Expense = 8% of Net sales  Warranty Liabilities  Before adjustment - 100,000 Debit  After…

Q: Quèstion 4 A. On 1 Dec. 2020, ABC Trading Co. borowed $900,000 for 90 days at 5% by signing a note…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Gen-X Ads Co. produces advertising videos. During the current fiscal year, Gen-X Ads Co. received…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: NOTE DATE PRINCIPAL INTEREST TERM AMOUNT RATE A August 31 Php 200,000 10% 6 months B October 19 Php…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: Issuing Notes Payable On September 30, Bello International borrows $320,000 from Chase Bank with a…

A: Prepare journal entry:

Q: June 20 Paid a trade account payable with a 90-day, 9 percent $60,000 note. Intei X is in addition…

A: Interest Expense for 10 days shall be recorded in the adjusting entry on June 30 The remaining…

Q: Journalize Apr. 30 Aug. 30 the following, assuming a 360-day year is used for interest computations:…

A: Journal entry : A Journal entry  is the demonstration of keeping or making records of any exchanges…