Question and answer
How much interest will accrue on a $20,000 face value, 60-day note that bears interest at 9 percent a year?
$300 Interest for the whole year is $1800 (20,000 x 9%) so interest per month is $150 (1800/12). 60 days note, you earn 2 months interest ($150 x 2) $300
Get an answer
Original conversation
User: How much interest will accrue on a $20,000 face value, 60-day note that bears interest at 9 percent a year?

Weegy: $300 Interest for the whole year is $1800 (20,000 x 9%) so interest per month is $150 (1800/12). 60 days note, you earn 2 months interest ($150 x 2) $300
Butterflybaby|Points 527|

User: On March 1, a firm purchased equipment for $5,000, signing a 30-day note bearing interest at 12 percent a year. The entry to record the payment of the amount due on March 31 will include a debit to Notes Payable for

User: On March 1, a firm purchased equipment for $5,000, signing a 30-day note bearing interest at 12 percent a year. The entry to record the payment of the amount due on March 31 will include a debit to Notes Payable for what?





Weegy: Sorry this question is really tough, You need some expert to answer your question.
Expert answered|conception|Points 10|

Question
Asked 8/4/2012 12:30:32 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
An existing balance in Allowance for Doubtful Accounts is not considered when the estimate of loss is based on
Weegy: please verify below links (More)
Question
Expert Answered
Asked 7/28/2012 5:25:58 PM
0 Answers/Comments
A firm using the allowance method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off. The entry to reinstate the customer's account included a credit to
Weegy: The answer is $3,000. User: On December 31, prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $200. An aging analysis of the accounts receivable produces an estimate of $1,000 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for Weegy: Please visit [ target=_blank rel='nofollow'>http://search.yahoo.com/r/_ylt=A0oG7lT8dhRQ.yAAYnpXNyoA;_ylu=X3oDMTE1NGxoZXR1BHNlYwNzcgRwb3MDNARjb2xvA2FjMgR2dGlkA1ZJUDA3N18xODY-/SIG=15ginroqh/EXP=1343547260/**http%3a//' target=_blank rel='nofollow'>www.chegg.com/homework-help/questions-and-answers/on-december-31-prior-to-adjustment-allowance-for-doubtful-accounts-has-a-credit-balance-of-q1769827 ] (More)
Question
Expert Answered
Asked 7/28/2012 5:32:21 PM
0 Answers/Comments
Coca-Cola is sold worldwide. In some countries, Coca-Cola owns the bottling facilities; in others, it has signed contracts with the licensees or it relies on joint ventures. • When selecting a licensee in each country, what factors should Coca-Cola consider?
Weegy: Added When selecting a licensee in each country what factors should Coca-Cola ... Asked When selecting a licensee in each country ... factors should Coca-Cola consider ... [ [ ] ] (More)
Question
Expert Answered
Asked 7/30/2012 3:26:19 PM
0 Answers/Comments
60-day note dated April 1 was turned over to the bank for discounting on April 21. The number of days used in computing the dollar amount of the discount is
Weegy: The discount period is the time between the date of discounting and the due date of the note. The date of discounting is April 21, the due date is May 30. That's 40 (b) days. (More)
Question
Expert Answered
Asked 8/4/2012 12:23:21 PM
0 Answers/Comments
18,456,203 questions answered
Popular Conversations
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2814 [Total 14524]| Ratings 10| Comments 2714| Invitations 0|Offline
S
L
Points 1472 [Total 3758]| Ratings 0| Comments 1472| Invitations 0|Offline
S
Points 822 [Total 854]| Ratings 1| Comments 812| Invitations 0|Online
S
L
Points 777 [Total 1298]| Ratings 6| Comments 717| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 773 [Total 14147]| Ratings 0| Comments 773| Invitations 0|Offline
S
1
L
L
Points 273 [Total 6667]| Ratings 0| Comments 273| Invitations 0|Offline
S
L
Points 162 [Total 1458]| Ratings 3| Comments 132| Invitations 0|Offline
S
Points 96 [Total 96]| Ratings 1| Comments 86| Invitations 0|Online
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.