CLASSROOM EXERCISES ON LONG-TERM NOTES PAYABLE Interest bearing: principal Clamp sum) interest — semi-annual On January 1, 2020, Nadella Company, a product labeling and graphics frm, borrowed P1,000,000 cash from Insular Bank and Uroe-yea fe. Imerestis payabh nnually every June 30 and Notes Poypble [oe0000) Buy Che | UA boosee xl x Te __ Goose voces tot eee h Cs e[shorr Nake Ryle eC woo3M coo. J Pe Pp Fsve0e xo Fr000(ae =< ther than the nominal rate On anuary 1, 2020, Mulan Company purchased pa Ss d Company by Prevaling markt rte 1D as fc inters mtd Pac Prin (leoo 000 ©. FED) GaSE0O 7 quer, = el. (eoceo x 26463 5 stzeog 1 Mere Bete oe wid ier Sek Exp fnack_ a Vir [rece S (eco) sna i2eos > Vijoct oso tents SS) Bas Yilzorr (2 220 \22dem 2468 7703+ (n2403 [22.363 joosoes. Vifrors, £ MA. c 877234 « ¥/ — racers foe Fae w seteh pore ok FX faa7te3 Dise on NP (22763 lok isc an HP tok yh Wee Pas (2ee0a Seach fofeces_ “et toe e240 P ise on ap 2468 let fe fpe008 en 0 8 deat Cee?year. Assume prevailing interest rate ee PY = Heocee £ 2.4018 Cosh DE Panes 7 Soezsz. Pu ot Nofe Senem B202ee Pisce enn = rocco ~ 3302529 “Cosh of Bldg, | Heese Snito o Yifere Bes, H1G2520 DisdSen Ni 37480 peo 20d 200 205 te(sufroee tefseleond 336252 < 12°] Nokes oe Hoos ct (fe0 Se 00 Ife ovePage An Po Yilrere a We tegen Ch ers Pfyfrre — (foooee qq oat lefufrorr (490° thee O77, T2qaqys- (2fo0 fer [Yoo 00> sos p Forted Ba! O eae xe) + (499% Ss a@aTo® 5. Noninteret bearings prticipa sum On Sar 60, Seem Corpany aida co an e-POD poi ans beating ae whi i eon Janay 1, 20 PV (Hreoeoe x ona) i Dise on WP = Gjoreoo — presse = (231260 frend Nokes ia PeonDole Ik Bop Yfrowe efupmo ser 2B| 367284 pies! 3837 392 ee par 41303 ih3e3 Yr OB {300.082 J yore — 3829792 fofrporr 7 OB { Pe serced bal Jenn? «(27 = omr