Notes Receivable

Short-Term > FV=PV

Long-Term > Interest bearing= Face Value-Present Value (Face Value)

>Non-Interest Bearing= Present Value (Face Value Not equal to Present Value) _Present
Value

DISHONORED NOTES

Ito yung entry na pag lampas na sa deadline ang “promissory note”

Account Receivable XXX

Notes Receivable XXX

Interest Income XXX

How?

-Pag dili on time or on date ang pagbayad kay ang tawag ani kay DISHONORED NOTE kay wala man
nabayaran dayon unya ang mahitabo sa “Notes Receivable” kay macredit na siya unya ang ma debit na
kay ang “Accounts Receivable”.