Acc280 Financial Accounting: BE9-10 Presented below are data on three promissory notes

Acc280 Financial Accounting

BE9-10
Presented below are data on three promissory notes. Determine the missing amounts. (Round answers to 0 decimal places, e.g. 125. Assume length of year = 360 days.)
Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest
a) April 1 60 days ? 600,000 9% a
b) July 2 30 days ? 90,000 b 600
c) March 7 6 months ? 120,000 10% c
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