Frame company has an 8% note receivable
WebJun 30, 2013 · 4.) Frame Company has an 8% note receivable dated June 30, 2013, in the original amount of P1,500,000. Payments of P500,000 in principal plus accrued interest are due annually on July 1, 2014, 2015 and 2016. In the June 30, 2015 statement of financial position, what amount should be reported as a current asset for interest on the … WebSandara Company has P3,000,000 note receivable from sale of plant bearing interest at 12% per annum. The note is dated June 1, 2012. The note is payable in 3 annual installments of P1, ... Frame Co. has an 8% note receivable dated June 30, 2012, in the original amount of P150,000.
Frame company has an 8% note receivable
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WebNOTES AND LOANS RECEIVABLE. Roth Company received from a customer a one-year, P500,000 note bearing annual interest of 8%. After holding the note for six months, Roth discounted the note at Regional Bank at an effective interest rate of 10% ... Frame Company has an 8% note receivable dated June 30, 2004, in the original amount of … WebFrame Co. has an 8% note receivable dated June 30, Year 1, in the original amount of $150,000. Payments of $50,000 in principal plus accrued interest are due annually on …
WebFrame Company has an 8% note receivable dated June 30, 2013, in the original amount of P1,500,000. Payments of P500,000 in principal plus accrued interest are due annually on … Web题目解析. Frame Co. has an 8% note receivable dated June 30, Year 1, in the original amount of $150,000. Payments of $50,000 in principal plus accrued interest are due annually on July 1, Year 2, Year 3, and Year 4. In its June 30, Year 3, balance sheet, what amount should Frame report as a current asset for interest on the note receivable ...
WebProblem 2 Frame Company has an 8% notereceivable dated June 30, 2024, in the original amount ofP1,500,000. Payments of P500,000 in principal plus accrued interest are due annually on July 1, 2024, 2024 and 2024. 1 is … Web1. The company’s accounts receivable under “61 – 90 days” category should be a. P 32,600 c. P 44,600 b. P 44, 320 d. P 42,000 2. The company’s accounts receivable under “91 – 120 days” category should be a. P 38,320 c. P 29,400 b. P 40,000 d. 12,000 3. The allowance for bad debts to be reported in the statement of financial ...
WebAug 8, 2024 · Notes receivable interest rate = 8%. Original principal Amount = $150,000. Due amount on July 1 = $50,000. Hence, in the balance sheet of the June 30, 20X4, the …
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