Illustrate what is the balance in notes payable

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Reference no: EM13126827

1. A $10,000 note at 8 percent for 180 days, issued February 15.

2. A $3,000 note at 12 percent for three months, issued October 3.

3. A $50,000 note at 9 percent for 120 days, issued October 18.

Analyze: What is the balance in Notes Payable on December 31, 2010, assuming that all notes were paid when due?

Reference no: EM13126827

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