Multiple Choice
Match the terms with the definitions.
-A note which the maker does not pay or renew at maturity.
A) accrued interest on notes payable
B) time
C) proceeds (note receivable)
D) principal of the note
E) notes payable register
F) credit advice
G) maturity value
H) discounting a note receivable
I) dishonored
J) effective rate
K) promissory note
L) maker
Correct Answer:

Verified
Correct Answer:
Verified
Q17: When a bank collects a notes receivable,
Q18: A $7,300, 11.9% note is dated April
Q19: When the holder of an interest-bearing note
Q20: An auxiliary record of notes payable that
Q21: Match the terms with the definitions.<br>-The months
Q23: The net amount received from the bank
Q24: Match the terms with the definitions.<br>-The face
Q25: A promissory note is usually referred to
Q26: Match the terms with the definitions.<br>-A detailed
Q27: Match the terms with the definitions.<br>-The difference