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Notes payable
[ 1 Answers ]
How if I gave 10000 for my notes payable of 20000 and issued 60 days, 5% of th notes balance?
Notes Payable
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The note payable was originated in 2004, is due in four years, and carries simple interest at 7%annually. Interest for each year is paid annually on January 4 of the following year. The payment on January 4, 2007 was properly recorded, but no other entry regarding interest has been made in 2007. ...
Notes Payable
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On August 31, Pell Co. partially refunded $180,000 of its outstanding 10% note payable made one year ago to National Bank by paying $180,000 plus $18,000 interest, having obtained the $198,000 by using $52,400 cash and signing a new one-year $160,000 not discounted at 9% by the bank. a) Make the... View more questions Search
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