WebOn November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $10,800 What is the maturity value of the note on March 1? (Use 360 days a year.) a) $11,088 b) $11,016 c) $11,232 d) $10,944 e) $10,800 2. Athena Company provides employee health insurance that costs $15,100 per month. WebOn November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $69,000. Alan made the appropriate year-end accrual. What is the journal entry as of March 1 to record the...
On November 1, Alan Company signed a 120-day, 10% note …
Web13 de nov. de 2024 · Answer: $27,900 Explanation: From the question, we are informed that on November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $27,000. The maturity value of the note on the note on March 1 will be the face value plus the interest. This will be: = $27,000 + [ ($27,000 × 10%)/360 × 120] = $27,000 + [ … butterfly wristlet
On November 1, Alan Company signed a 120-day, 12% note …
Web29 de nov. de 2024 · (bb) Relocation Period means the period beginning on the Effective Date and ending on the earlier of (i) one hundred and twenty (120) days after the Effective Date or (ii) the date on which Executive relocates his permanent residence to the greater Chicago, Illinois area. Web(Use 360 days a year.) De; On November 1, Alan company signed a 120-day, 8% note payable, with a face value of $12,600. What is the adjusting entry for the accrued interest … WebOn November 1, Alan Company signed a 120-day, 9% note payable, with a face value of $25,200. What is the maturity value (principal plus interest) of the note on March 1? (Use 360 days a year.) Multiple Choice $25,956 $25,704 $25,200 $25,452 business accounting 0 0 Add a comment Improve this question Transcribed image text Next > < Previous butterfly wrench multi tool