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    Notes Receivable - Interest-Bearing Notes

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    Martin Manufacturing held three interest-bearing notes during 2014 and 2015. For each note, determine the following items.
    a. The maturity date
    b. The maturity value
    c. Interest revenue to be reported on December 31, 2014

    Note 1 - issued September 25, 2014, $15,000, 10%, 60 days
    Note 2 - issued November 20, 2014, $25,000, 12%. 90 days
    Note 3 - issued December 30, 2014, 14,000, 9%, 30 days

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    https://brainmass.com/business/notes-receivable/notes-receivable-interest-bearing-notes-563593

    Solution Summary

    Calculating maturity date, maturity value, and interest revenue earned on Note Receivable.

    $2.19

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