Business
Business, 23.07.2019 08:50, EllaLovesAnime

The face value of a note refers to the amount borrowed plus interest received at maturity from the maker. that can be received if sold to a factor. at which the note receivable is recorded. remaining after a service charge has been deducted.

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Business, 26.06.2019 18:20, rhettperkins
Tyrell co. entered into the following transactions involving short-term liabilities in 2014 and 2015. 2014 apr. 20 purchased $40,250 of merchandise on credit from locust, terms are 1/10, n/30. tyrell uses the perpetual inventory system. may 19 replaced the april 20 account payable to locust with a 90-day, $35,000 note bearing 10% annual interest along with paying $5,250 in cash. july 8 borrowed $80,000 cash from national bank by signing a 120-day, 9% interest-bearing note with a face value of $80,000. paid the amount due on the note to locust at the maturity date. paid the amount due on the note to national bank at the maturity date. nov. 28 borrowed $42,000 cash from fargo bank by signing a 60-day, 8% interest-bearing note with a face value of $42,000. dec. 31 recorded an adjusting entry for accrued interest on the note to fargo bank. 2015 paid the amount due on the note to fargo bank at the maturity date.
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Business, 09.07.2019 21:20, coolkason
Tyrell co. entered into the following transactions involving short-term liabilities in 2016 and 2017. 2016 apr. 20 purchased $39,500 of merchandise on credit from locust, terms n/30. tyrell uses the perpetual inventory system. may 19 replaced the april 20 account payable to locust with a 90-day, $35,000 note bearing 9% annual interest along with paying $4,500 in cash. july 8 borrowed $66,000 cash from nbr bank by signing a 120-day, 10% interest-bearing note with a face value of $66,000. paid the amount due on the note to locust at the maturity date. paid the amount due on the note to nbr bank at the maturity date. nov. 28 borrowed $21,000 cash from fargo bank by signing a 60-day, 6% interest-bearing note with a face value of $21,000. dec. 31 recorded an adjusting entry for accrued interest on the note to fargo bank. 2017 paid the amount due on the note to fargo bank at the maturity date.
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Business, 22.10.2019 22:50, aminamuhammad11
Note receivable hasty and tasty foodservice received a 120-day, 8% note for $36,000, 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
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Business, 06.11.2019 19:31, gcarter1203
Year 1 apr. 20 purchased $39,000 of merchandise on credit from locust, terms n/30. may 19 replaced the april 20 account payable to locust with a 90-day, 8%, $35,000 note payable along with paying $4,000 in cash. july 8 borrowed $57,000 cash from nbr bank by signing a 120-day, 10%, $57,000 note payable. paid the amount due on the note to locust at the maturity date. paid the amount due on the note to nbr bank at the maturity date. nov. 28 borrowed $27,000 cash from fargo bank by signing a 60-day, 9%, $27,000 note payable. dec. 31 recorded an adjusting entry for accrued interest on the note to fargo bank. year 2 paid the amount due on the note to fargo bank at the maturity date.
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