Accounting 10, 20, 30
Course Configurations
Analyze and record entries related to promissory notes.
Indicators for this outcome
| (a) | Define accounting terms and concepts such as note payable, note receivable, maker of a note, payee, principal, interest rate, maturity date, term, maturity value, interest income, interest expense and dishonored note related to promissory notes. |
| (b) | Record the acceptance of a note as receivable or payable. |
| (c) | Calculate the maturity date of promissory notes. |
| (d) | Calculate the interest or expense on promissory notes. |
| (e) | Account for the collection or payment of promissory notes. |
| (f) | Account for a dishonored promissory note receivable. |
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