WebValley Designs issued a 90-day, 12% note for $36,000, dated April 15, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note. July 14 V b. Determine the maturity value of the note. 36,720 c1. Journalize the entry to record the receipt of the note by Bork Furniture.
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WebAccounting questions and answers. Calculate the discount period for the bank to wait to receive its money: (Use Days in a vear table): Date note Date of note Length of note Discount period discounted days 45 days April 12 May 02 Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of 9%. WebApr 14, 2024 · Here is what’s going on today and this weekend in Alexandria, from our event calendar. 10:00 am Friday: 2024 Spring Garden Market at River Farm. 7:30 pm … calculating moles of ions
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