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1 2 3 4 Basic Note Information: Face Value Stated Interest Rate Term Date of...

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Accounting

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1 2 3 4 Basic Note Information: Face Value Stated Interest Rate Term Date of Note $6,000 10% 3 months Nov 1, 2017 Total Inter $150 Maturity V $6,150 Maturity [Feb 1, 2018 5 7 8 CASE C: Both Lender and Borrower prepare financial statements monthly. On February 1, 2018, Lender receives the maturity value due from the Borrower. CHAPTER 8-PART 1: LENDER, Lender GENERAL JOURNAL Date Account Titles DR CR 10 11 12 13 14 15 16 17 18 19 20 27 22 24 25 26 28 29 31

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