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Maturity date Computation

Start Term of
Date Note
Part 1 Maturity date Computation =
Part 2a.
Date Description Dr Cr
15-May Cash
Notes Payable
Borrowed cash – issued note.
Part 2b.
Date Description Dr Cr
14-Jul Interest Expense*
Notes Payable
Cash
Repaid note plus interest.

See Attachement

GB518_Unit05_Student_Template

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