Determine the maturity value of the note

Assignment Help Accounting Basics
Reference no: EM131125449

1. Cannondale Supply Company received a 120-day, 9% note for $200,000, dated March 13 from a customer on account.

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: EM131125449

Questions Cloud

Determine the due date of the note : Northrop Supply Company received a 30-day, 6% note for $40,000, dated September 23 from a customer on account.
What family will the molecule then belong to : If the H from the OH group in CH3-OH is removed and replaced with a METHYL group, what family will the molecule then belong to?
Describe how you would graph this line : Describe how you would graph this line using the slope-intercept method. Be sure to write in complete sentences. Please help i have more questions and i gotta get my grade up to move on
Write a program that computes a final grade : COMP1006/1406 - Summer 2016 - Write a program that computes a final grade, as specified in the course outline using the six term marks: assignments, project, tutorials, quizzes, midterm and final exam.
Determine the maturity value of the note : Cannondale Supply Company received a 120-day, 9% note for $200,000, dated March 13 from a customer on account.
Common stock with a market value : Global Pistons (GP) has common stock with a market value of $200 million and debt with a value of $100 million. Investors expect a 15% return on the stock and a 6% return on the debt. Assume perfect capital markets.
What do we mean when we say a venture is insolvent : What do we mean when we say a venture is insolvent?
How much would the last grading period be worth : If you made all A's all the way through, how much would the last grading period be worth? Create an equation to represent any grading period along the way
Discuss how messaging standards such as health level seven : Please click on the following hyperlink and let's discuss how Messaging standards such as Health Level Seven (HL7) enable one computer-based system to process the meaning of a message sent from a different computer-based system (i.e., semantic int..

Reviews

Write a Review

Accounting Basics Questions & Answers

  List the december 31st balances of assets liabilities and

after december 31st ms prompt truck rental had the following transactions for a short period a. bought office

  In 20x7 sproghe company produced a net income of 1860000 in

in 20x7 sproghe company produced a net income of 1860000. in a trend analysis based on 20x1 figures the 20x7 net income

  Other expenses included premiums of 5000 on the key-person

converting book income to taxable income. the following income and expense accounts appeared in the accounting records

  At december 31 depaul corporation had a 16 million balance

at december 31 depaul corporation had a 16 million balance in its deferred tax asset account and a 68 million balance

  Prepare a division income statement with two column

big bear athletic equipment co. operates two division - the winter sports division and the summer sports division. the

  Calculate and journalize the foreign exchange

An error was discovered during 2007. Specifically, depreciation expense was understated in 2005 resulting in the need for a Prior Period Adjustment of $25,000 before taxes.

  Cincinnati flow technology cft has purchased 10000 pumps

cincinnati flow technology cft has purchased 10000 pumps annually from kobec inc. because the price keeps increasing

  Operating income change problem

Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units?

  Write an email is for accounting and payroll

THE EMPLOYEE-EMPLOYER RELATIONSHIP (E-MAIL): SCENARIO - Jaime has an annual contract with Manila Office Supplies to provide property maintenance services; this includes lawn care, snow removal and parking lot maintenance

  Dent corporation had net income of 182000 based on variable

dent corporation had net income of 182000 based on variable costing. beginning and ending inventories were 5000 units

  In its first month of operation maze company purchased 100

in its first month of operation maze company purchased 100 units of inventory for 6 then 200 units for 7 and finally

  The preferred stockholders in 2011

What are the dividends received bu the preferred stockholders in 2011?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd