Determine the maturity value of the note

Assignment Help Accounting Basics

Reference no: EM131135422

PE 8-5B Note receivable

Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account.

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.

Reference no: EM131135422

Questions Cloud

Explain the gender or racial stereotype : Explain the gender or racial stereotype in media and film that is being displayed in the example and how it aligns with improper everyday examples of gender or race.

Use the net price rate to calculate the net price : Use the net price rate to calculate the net price for40 boxes of computer paper if the unit price is ?$14.18 and a single trade discount rate of 50?% is allowed. The net price is? $

Account at the beginning of the first month : A savings account earns 8.4% (APR) interest calculated monthly, paid into the account at the end of 6 months. Cooper deposits $200 into the account at the beginning of the first month.

How project management team can filter out information : Suggest how the project management team can filter out irrelevant information and target critical information provided by potential users of the new system.

Determine the maturity value of the note : Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. a. Determine the due date of the note.

Write essay on it is difficult to make changes in one life : "It is difficult to make changes in one's life". Do you agree with this statement? -Write a short essay with Introduction, content and conclusion.

About the financial management of her company : (Stewardship and Accountability) The owner of Touring Inc., Mei Chang, is concerned about the financial management of her company. When she started up Touring Inc., a company that provides bus tours in Banff, Alberta, she hired Peter Rosen to mana..

Variable costing income statement : a. Based on the data given, prepare a variable costing income statement for Procter & Gamble Company, assuming that the company maintained constant inventory levels during the period.

Off limit topics include grading and assignments in class : For this assignment, think of something you would like to change at school, where you live, or where you work. It can be a change in a process or how something is completed. You will write a memo to me to persuade me to do what you are asking. Off li..

User Account

All Pages