= maturity value of a $6900, 6%, 60-day note receivable dated February 10th is O $7314. O $6935.
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- The total interest on a $14400, 4-month 7% note isO $1008.O $15100.O $700.O $336.Question Content Area Note receivable Prefix Supply Company received a 120-day, 10% note for $24,000, dated April 12 from a customer on account. Assume 360-days in a year. Question Content Area a. Determine the due date of the note. b. Determine the maturity value of the note.fill in the blank 1 of 1$ Question Content Area c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank - Select - - Select - - Select - - Select - - Select - - Select -Total interest to be earned on a $7,500, 5%, 90-day note is a. $93.75. c. $1,125.00. e. $125.00. b. $375.00. d. $31.25.
- C A 60-day, 6% note for $24,000, dated May 1, is received from a customer on account. The maturity value of the note, assuming a 360- ? day year, is Oa. $24,000 Ob. $24,240 Oc. $25,440 Od. $240j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Debit Credit Dec. 31 Interest Receivable v 1,850 X Interest Revenue v 2,250 XNote Receivable Cube Ice Company received a 120-day, 7% note for $60,000, dated April 9 from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Aug. 7 %24
- A credit sale of $3800 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4? $3465 • $3800 • $3500 Ⓒ $3762NOTE DATED 11/24/2021 DUE IN 156 DAYS, FACE OF THE NOTE IS $ 75,000, INTEREST RATE IS 9 %% CALCULATE THE FOLLOWING THE DUE DATE THE INTEREST AMOUNT (PXRXT) MATURITY VALUE (face amount plus the interest amount) Prepare the journal entry for the following dates 1. 11/24/2021 2. The adjusting journal entry made on 12/31/2021 3. On the due date PAGE 2.OF 2 215 WORDS "entry Wholesalers accepts from Metlock Stores a $9,500, 4-month, 12% note dated May 31 in settlement of Metlock’s overdue account. What is the maturity date of the note? Maturity date of the note September 1September 30October 1October 31 . What is the interest payable at the maturity date? Interest payable at the maturity date $
- Entries for Notes Receivable Autumn Designs & Decorators issued a 120-day, 6% note for $30,000, dated April 13 to Zebra Furniture Company on account. Assume a 360-day year when calculating interest. Question Content Area a. Determine the due date of the note. b. Determine the maturity value of the note.$fill in the blank 9a5f4f073f8df8f_2 Question Content Area c1. Journalize the entry to record the receipt of the note by Zebra Furniture. If an amount box does not require an entry, leave it blank. blank Notes Receivable Notes Receivable Accounts Receivable-Autumn Designs Decorators Accounts Receivable-Autumn Designs Decorators Question Content Area c2. Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - - Select - - Select -Entries for Notes Receivable Autumn Designs & Decorators issued a 120-day, 9% note for $48,000, dated April 13 to Zebra Furniture Company on account. Assume a 360-day year when calculating interest. a. Determine the due date of the note. August 11 v b. Determine the maturity value of the note. $4 Feedback c1. Journalize the entry to record the receipt of the note by Zebra Furniture. If an amount box does not require an entry, leave it blank. 88 Notes Receivable Accounts Receivable-Autumn Designs Decorators Feedback c2. Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank. Cash Notes Receivable Interest Revenue / 000In credit terms of 3/15, n/45, the "3" represents the Oa. full amount of the invoice Ob. number of days in the discount period Oc. number of days when the entire amount is due Od. percent of the available discount for early payment 4