EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 8220103677684
Author: Matsumura
Publisher: YUZU
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Textbook Question
Chapter 9, Problem P9.32APGA
Accounting for notes receivable and accruing interest
| Learning Objective 4 1. Note3Dec 18, 2018 |
Carley Realty loaned money and received the following notes during 2018.
| Note | Date | Principal Amount | Interest Rate | Term |
| (1) (2) (3) |
Apr.1 Apr.30 Apr.19 |
$6,000 12,000 18,000 |
7% 6% 8% |
1 year 6 months 90 days |
Requirements
1. Determine the maturity date and maturity value of each note.
2.
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Chapter 9 Solutions
EBK HORNGREN'S ACCOUNTING
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