11) What is the maturity date of a note that is signed on April 15, 2011 at 9% for 216 days?
12) On September 1, 2012, Kelly Company lent $2,400 to Tim on a 6-month 8% promissory note. What is the amount of interest to be accrued on December 31?
13) Using a 360-day year, the maturity value of a 69-day note for $1,500 at 7% annual interest is (rounded to the nearest cent):
14) What is the maturity date of a 4-month promissory note dated on July 17?
15) Using a 360-day year, what is the maturity value of a 90-day note for $3,500 at 8% annual interest?
16) Using a 365-day year, what is the maturity value of a 55-day, 7% note for $23,000 rounded to the nearest cent?
17) On September 1, 2012, Kelly Company lent $2,400 to Tim on a 6-month 8% promissory note. The journal entry to record the note for Kelly would be __________.
18) On April 9, Joe paid $3,568 to Mike Company to fulfill his promissory note agreement. Of the $3,568, $400 is interest. The journal entry Mike Company will record is __________.
19) On April 23, Lauren paid $4,750 to Ryan Company to fulfill her promissory note agreement. Of the $4,750, $750 is interest. The journal entry Ryan Company will record is __________.