Day 142: Short-term Notes Payable

Chapter 10 Review Questions:

1. As it relates to discounted notes, write the formulas to calculate the following: 
• Proceeds =
• Discount = 
• Maturity Value =
2. Describe the primary differences between an interest-bearing note and a discounted note:

Chapter 10 Practice:   Link to Textbook Pages

• Page 498:
• Multiple choice 1 & 2 
• Exercise 1
• Page 499:
• Problem Mar 1 thru Oct 30
• Page 503:
• Discussion 1
• BE 10-1
• Page 504:
• EX 10-2
• Page 505:
• EX 10-4 & 10-5