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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