Mark Company received a 60-day, 15% note for $9,000 on June 16. Which of the...
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Mark Company received a 60-day, 15% note for $9,000 on June 16. Which of the following statements is true? A) The principal of the note plus interest is due August 15 B)The maturity value of this note is $9,000 C)Mark will receive $9000 plus interest of $1350 at maturity D) Mark should record a total note receivable due of $9,225 on June 16 E) None of the above
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