Keesha Co. bomows s 18o.000 cash on December 1. 2015, by signing a 150-day 10% note with a face…
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Keesha Co. bomows s 18o.000 cash on December 1. 2015, by signing a 150-day 10% note with a face value of $180,000. 1. on what date does this note mature? (Assume that February has 2 days) April 25, 2016. O April 26, 2016 April 27, 2016. April 28, 2016. April 30, 2016. 2-3. What is the amount of interest expense in 2015 and 2016 from this note? (use 360 days a year Do not round intermediate calculations.) Total through interest interest maturity Expense 2015 Expense 201 Principal Total interest
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Keesha Co. bomows s 18o.000 cash on December 1. 2015, by signing a 150-day 10% note with a face value of $180,000. 1. on what date does this note mature? (Assume that February has 2 days) April 25, 2016. O April 26, 2016 April 27, 2016. April 28, 2016. April 30, 2016. 2-3. What is the amount of interest expense in 2015 and 2016 from this note? (use 360 days a year Do not round intermediate calculations.) Total through interest interest maturity Expense 2015 Expense 201 Principal Total interest
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