{GG FREECS Company had he oa oreten reiting os accountsrecetvable: ‘cou racowonl, 12/31/2015 F 20000 a Creat sles or 2019 5.400000 1 Gaecion ton are 21 png recover 7475000 - © 5 Rent wien of 9372019 Se (atom crc wos not « re Kilap a 2191/2019 P1650, VANS Be snmesitgsceereesprmnr crory nonce ome Se ieee < _Bintiatnay fenaeiitertesaumghocoeayear 50> [Blech = 2, 025m © Exec etemamaangen —— ithgnneh- lime Seme ~ Gol ‘Accounts Recavbie wien oes warts 7 ms | Caleh-- 15a 70 fecomy occa wo ol felincused he bow colecions CASES | Hsbc Use ae Lae WO 4S, 00> ~ 210, Msi) Be = ton = Rife —< sre SS oyee beesAa conse) © fetisconeanyoovceate oe aera ee AC1201 IA NOTES RECEIVABLE REY D. AMAYA, CPA, MAIA UNIVERSITY OF SAN CARLOS DEPARTMENT OF ACCOUNTANCY “7008 www. reiborn. com1 Bearing wrenest 1s NOT mere 7g -C es e Per amount “Yeeviwrencar” vat sinvenear | Im¥a 8 sree absent. Vensarement ‘AMORTIZED cosT {CLUDED I race auounT 4 shone Or} ony eee ed 1 on Pr racton (48) = Pv ractor (ORDINARY) (ectenstenesr nates coco s a pe teen nn can tas b -PECWN 1M ce ‘ot mucnsinenonsnent prion tne rte recerese an Socorro szza ¥ eupee. M/2 Inde® : Face het — Ftqar” Cale DP — im EMR See — +Ch o ME oro Cie heh 6.990.007 om Oba~b,oopee BD penis oR” tacts Cheer) Un jase Cass feo?¥ ecos serene LON OS ® j aoa tall Go = an Roi) ae au [SE CED Se Te 22 et he OE eR ya oe yt we 1 28, Slane Mow 2 mn a | Tinh Veen — 130K 2 RF Hou monet uneomea nes ncome on pmusy 1 200" 797,80 £ SStrvenatsgantonsnmeh 2 (rs ga & ISumcnume layeg naawet naire San Soecente 1,200 {How much he res cae N05 1X How much he coment porton othe noe recewcbieon December 3. 0274 1 kow muchis he roncurert prion he note recewebe on Cacao 31.0228 Ist fae) HIB awit» Jae Feet =e 9h.ir0 Ch tock tigi Fg fos fh. Co} = coven 0%) ° =~ tine, Cw)2/erc” eter re re Naat, TESTER TRS ey eee CL poe gee ft Cag Ch ne Mif20~ te. nm GUD gin 0 Bu 0 193,l0 Cee . re WF {agsoemcsrcmetbe mel) 2m 2 O Tay & CBh 24 = rE OD sida, et es AR at Youw Sieh ete —c.00509. alan, = ce - Fone up es oF heed Bio ee . . . 4 eli aad pore ert wa (3 Tee so nce hok bee eae : shor soracucierkege' CG 19) Fecheed entre a ne a ee Seestaeerecr it teane Shh Oe a eae SRS cewemen an SE ey LSM, n~ zee rash, ‘ow much 8 he cuner porter of he rote recewatie on Decerbe 3 Tubal ~ oan Ai 8% ain es ae gee Eppes crererern cesar nt Way PDN | Sen “EN 2A g thnk 9 imeo 40 me cleus aie cnt Kare — bias ee A638, e te Ge § ose(Notes tecetvae—Noninleret Searing Note Anny Dve} « foce amount ote notent 7 S30 «Interest Rate - 6% an © 1 Gast ase ~P6000.00 5 Date fhe note—Jorvay 1, 2020, omual cotecton Dhow meen she coming ome ore aalasecsiabe on omer 1 2008 6 199,00 How moc omar on Jonson 120008 0 £99, Nowmucnisne sisersaTnecn ncomconlonpay 00" S0Lge" | > 272,00 ‘c. How much is the seling price of the asset? = G67) fro = 4. Howmuch is the goin orlossonsole? Cen 67 {How much s ne corying amount the sate receivable dh December), 20228 “How mach ste ntretincome n 20228 How mach s ne unecrned intrest comin 20228 How mach ne cuent portion of the note recevable on December 31, 20218 See ee re cope $ 1,S0v — | VOW x 6,0 ih DEE ES A Leni ames eve Aly hs vt = fae BS Sg ~ amy oe sn Afro eft ges Se ee ge [bon rays vo eae eos oe im a9 Bh (Dm Abs iuayo Hu I, PSSST re cong col 0 ath son tn ane ti aS { Sanieoramssearene wee ER psec eam vr oe C000) CARYPater? era Goa I fa Es as s ‘ede 2 ta ie ioe LE DPE (num = sector 0k ti DE opelitt.) = Coen sow ce weeaalt gre as lead. tT Mole = 3,876,000 ime am 2 428% bie ~ 2 STS aA§ However: 8& woud be o forte for his ype oF Toosign eet vous acm nlc pc. +, Neve bee Unatadidue! teae os Conon Secombe 17 f.tme company ues mesam how much be the nec coe poe . (n- aut Oh 0 — 60 po Haman, ’ Heo zt a hie Be So mR 2 es a - ges, eae co it LEE 351 vy eee rr ey NRINP A See ee ae ‘AAsCompany bought o new macrine ond agreed to payin equal annual nsciment of £400,000 a the end ofeach of he net five yeas, the prevaiing interest rote for hs be of frensocion 512% Round of PV FACTOR fo TWO DECMAL LACES, other answer round of to ‘role number) 1. What amount shoud be reported 0 note payable athe endothe second years <> 13 13? (274 2. Whats he batonce of scour! on Notes Payable a he ond on the second yeortmfS 362, 45%, 2 whet amaunt oud be reared as CURRENT NOTE Paycble cle endetsecond eo =b 427 Crpin fos amy F naine 8 eee to ° ‘On December 31,2014 Rox Company purchased equipment rom Ott Company ant ‘Sed ranintores! boarng note requrement payrrents of 0.000 anrwaly f= Ton ‘yeas The fs payments due on Decemib 3 2014. andthe prevalng rate ones! {orthis type of role of date of sssance & 12%, The carving amount of he notes ‘povabie on December 31,2015 wilbe® 248308