Problem-Solving Questions 1 (10 pts). Martin Manufacturing held three interest-bearing notes during 2005 and 2006....
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Accounting
Problem-Solving Questions 1 (10 pts). Martin Manufacturing held three interest-bearing notes during 2005 and 2006. For each note, determine the following items. The maturity date b a. The maturity value c. Interest revenue to be reported on December 31, 2005 Note 1: Issued September 25, 2005, $15,000, 10%, 60 days Note 2: Issued November 20, 2005, $25,000, 12%, 90 days Note 3: Issued December 30, 2005, 14,000, 9%, 30 days
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