ACCT Assignment 3

✓ Feb. 20, $450

Determine the due date and the amount of interest due at maturity on the following notes:

Date of Note Face Amount Interest Rate Term of Note

a. January 6 $40,000  9%  45 days

b. March 23   9,000 10 60 days

c.May 30     12,000 12 90 days

d.August 30 18,000 10 120 days

e.October 1 10,500 8 60 days

(Warren 239)

Warren, Carl S. Survey of Accounting, 6th Edition. Cengage Learning, 02/2012. VitalBook file.