On April 1, Year 1, a company realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting the company's business. The supplier explains that it has a temporary lack of funds that is slowing its production cycle. The company agrees to lend $470,000 to its supplier using a 12-month, 11% note.
Record the following transactions for Shoemaker Corporation.
1. The loan of $470,000 and acceptance of the note receivable on April 1, Year 1 (If not entry is required for a transaction/event, select 'No journal entry required' in the first account field.)
2. The adjustment for accrued interest on December 31, Year 1. (If not entry is required for a transaction/event, select 'No journal entry required' in the first account field.)
3. Cash collection of the note and interest on April 1, 2002 (If not entry is required for a transaction/event, select 'No journal entry required' in the first account field.)
Answers
Answer:
1.
April 1, Year 1 Note Receivable 470000 Dr
Cash 470000 Cr
2.
December 31, Year 1 Interest receivable 38775 Dr
Interest Revenue 38775 Cr
3.
April 1, Year 2 Cash 521700 Dr
Note Receivable 470000 Cr
Interest Receivable 38775 Cr
Interest Revenue 12925 Cr
Explanation:
1.
The loan was extended on 1 April Year. The note received is an asset for the company and will be recorded as a debit to the note receivable account and a credit to cash as cash is being paid as an extension of loan to the supplier.
2.
The accrual principle states that the revenues and expenses relating to a particular period should be matched and recorded in their respective periods. Thus, on 31 December Year 1, the interest revenue relating to notes receivable for the period from April to December (9 months) will be recorded as a revenue and as a receivable as it will be received when the note matures.
Interest revenue = 470000 * 0.11 * 9/12 = 38775
3.
The amount for the loan and interest on it against the note receivable will be received on April 1 Year 2. The cash will be debited by the amount of note receivable and the interest revenue earned for 12 months on that note. The note receivable account and the interest receivable account will be credited which were assets and the interest revenue that relates to year 2 (3 months from January to march) will be credited against the cash.
Interest revenue Year 2 = 470000 * 0.11 * 3/12 = 12925
Cash = 470000 + 38775 + 12925 = 521700
Related Questions
Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 9.20% simple interest on the unpaid taxes of $4,000. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.)
Answers
The penalty charge is $728.04.
To find the penalty charge in the given scenario where Molly Ellen forgot to send the payroll taxes due on April 15th and sent the payment on November 8th, we will follow these steps:Calculate the days from April 15 to November 8 which is 207 daysCompute the exact interest on the unpaid taxes using the exact interest formula: I=P*R*T/100I: Exact interestP: Unpaid taxes ($4,000)R: Rate (9.20%)T: Time in years (207 days/365 days = 0.57 years)
Calculate the penalty by subtracting the unpaid taxes from the total amount due including the interestPenalty = Total amount due - Unpaid taxesGiven that the unpaid taxes were $4,000, and the IRS sent a penalty charge of 9.20% simple interest on the unpaid taxes. Using the above information, we will calculate the penalty as follows:
Days from April 15th to November 8th is 207 days.The exact interest formula is I=P*R*T/100, where I is the exact interest, P is the principal, R is the rate and T is the time in years.I = (4000 * 9.20 * 207)/100 * 365 = $728.04The total amount due including the interest is $4,728.04.Penalty = Total amount due - Unpaid taxesPenalty = $4728.04 - $4000Penalty = $728.04Therefore, the penalty charge is $728.04.
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Here is an Example of a Master Schedule for producing a gear box. Which schedule is more efficient? Here is an Example of a Master Schedule for producing a gear box. Which schedule is more efficient? Schedule A: Setup cost= 3 orders $90 + Inventory cost of $88 2 Schedule B: Setup cost = 2 orders $45 plus Inventory cost of $74 1 Question at position 3 3 1 point
Answers
From the schedule used, the one that is most cost efficient is B. The cost of production is lower at 164 compared to A which is 446
What is cost efficiencyThis is a term that has to do with how much a firm would want to produce a good or a service by reducing the costs that they used to the barest minimum.
In order to do this, the benefits accrued from the output is usually compared to the cost of production.
We have to solve for cost for both
Cost of setup A
= 3 x 90 + 88 x 2
= 446
For cost B
2 x 45 + 74 x 1
= 164
The cost B is the one that is most efficient
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Hold the account balances of country’s commercial banks . These are called
Answers
Sorry I don't know the answer
which is a major reason why businesses fail financial? undercapitalization undervalued stock poor use of marketing mix expense controls are too rigid
Answers
The major reason why businesses fail financial is undercapitalization.
What is Undercapitalization?In accounting , Undercapitalization can be described as a situation whereby a company does not have enough capital to conduct ordinary business operations.
It should be noted that the Undercapitalization can bring about the case wherbey the company being unable to pay its creditors as well as catering for the simple operations that is associated to the business an this can slow down the growthy of the comapany and in the long run the business can be shutdown due to the lack of capital to finance it.
Therefore, the first option is correct.
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Brand equity is…………………?
Answers
Answer:
Brand equity, in marketing, is the worth of a brand in and of itself — i.e., the social value of a well-known brand name.
In general, which of the following is NOT a common source of conflict between friends? A. gangs and cliques B. envy and jealousy C. developing common interests D. anger Please select the best answer from the choices provided. A B C D
Answers
Answer:
C.) Developing Common Interests
Explanation:
the dude above me is not smart
Answer:
C edge2020
Explanation:
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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What is the difference between final goods and intermediate goods?
Answers
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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HELP PLEASE.
Recent research indicates that it may take only a few minutes to prevent unethical behavior. When workers face a choice between right and
wrong, they are about five times more likely to make the unethical choice when the decision is rushed.* Think about times in your life when you faced a moral decision and made the wrong choice. Did you feel rushed to make the decision? If you had taken more time to think or consult an ethical colleague, would you have made a different decision? (5-7 sentences )
Answers
Answer:
I had once visited a client and he, unusually, offered me a complimentary tip. Somewhere at the back of my mind, it felt off. So I declined. He on the other hand persisted.
Because I wanted to round up the meeting, I eventually accepted and left.
The next day was our weekly in-house academy - a day of the week when we set aside about 2 hours for learning and re-learning.
At that meeting, the HR Executive did a reminder on the value of the organisation, as well as the ethics which guide our operations. There she mentioned categorically that it was prohibited by the company to accept any type of cash gifts from the client or from the insurance companies.
As, soon as the meeting was done, I reported myself to the HR Executive and she advised that I return it and I did immediately, thankfully, the exact note was still in my possession.
I wrote a letter to the client respectfully returning the gift on the grounds that company policy forbade it and that marked the end of that episode.
If I had the company blueprint on ethics at my fingertips, I would have insisted on my initial position not to take the gift.
Cheers
which one of the following is not an international governing body of a game /sports.
a)IAAF
b)VFI
c)FIH
d)FINA
Answers
VF I(Visual Field Index ) is not an international governing body of a game /sports.
What is a regular visual field index?The VFI can vary from 100% (normal visual field) to 0% (perimetrically blind field). The VFI is less sensitive than the MD to the effects of cataract or diffuse media opacities. VFI is intended for use in estimating rates of progression and staging glaucomatous functional injury.
What is an uncommon visual field test?A test that delivers visual field loss means that vision in some areas is not as sharp as normal. It could be just a small vision lost in a small area, or all vision lost in large spaces. The amount of vision lost and the areas involved are measured by the visual field test.
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Which of the following shows the correct order in which organs take part in the process of digestion? (5 points) Esophagus, mouth, stomach Mouth, esophagus, stomach Mouth, stomach, esophagus Stomach, mouth, esophagus
Answers
Answer:
Mouth, esophagus, stomach
Explanation:
Needs, product, source, price, and time could all be known as ______.
A.) Customer objections to a sale
B.) Economic services
C.) Sales promotion
D.) Channel management function
Answers
Answer:
C
Explanation:
I asked my mom lol
Needs, product, source, price, and time could all be known as Channel management function. The correct option is d.
The channel management part of marketing includes essential components such as needs, product, source, price and time. Channel management entails organizing and carrying out the delivery of goods and services from the producer or manufacturer to the final customer. Determining the best products to offer requires an understanding of customer needs and preferences.
A steady and trustworthy supply chain is ensured by choosing the appropriate sources and suppliers. Pricing tactics are essential for luring clients and ensuring profitability. For the satisfaction and loyalty of the customer timely delivery is essential. A smooth flow of products or services, satisfaction of customer needs and optimum efficiency and effectiveness of the distribution process are all benefits of effective channel management.
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The allocation rule of "first come-first served" promotes productive cooperation. true false
Answers
What are some of the reasons why domestic policies change overtime?
Answers
Answer:
They changed as the USA entered the war.
Explanation:
American and domestic foreign policy during World
War 2 were linked in that once America entered the
war it had a significant impact on its economy.
When we say during World War 2 we must remember
that the USA did not enter the war until December
1941 after the attack on Pearl Harbour. Even then
there was no guarantee that they would become
involved in a war in Europe. It was Hitler who
declared war on the USA.
Prior to that American domestic politics
were dominated by the arguments between
interventionism and isolationism. President Roosevelt
had to tread a fine path in providing limited support to
the UK whilst being careful not to turn public opinion even more against involvement in a war thousands of miles away.
Japan's failure to deliver a knockout blow at Pearl Harbour meant that the US economy, on a war footing, was powerful enough to produce military hardware on a scale not seen before which would lead to victory in 1945 and the USA emerging as the most powerful country in the world.
Domestic policies change over time mainly due to changing societal values, economic conditions, and political influences. Society's evolving nature, economic developments, and shifts in political power greatly influence such changes.
Explanation:Domestic policies change over time due to a variety of reasons. The primary ones include changing societal values, economic conditions, and political influences. For instance, societal values evolve over time, which may either necessitate new policies or changes in existing ones to address contemporary issues. Economic conditions may influence policy changes for enhancing economic stability and growth. Changing political influences also play a significant role as different political parties with contrasting priorities and approaches to governance come to power.
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Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Answers
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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The state of Kansas passed legislation in 2007 that allowed employers to select their employee pay method. The legislation was known as the "paperless payroll law," and many employers opted to give their employees pay cards instead of cash, check, or direct deposit. This practice spread to many other states, including New York. In 2017, the law was revoked because it made employers into de facto financial situations.
What are the issues with this practice? What are the benefits?
Answers
Many firms chose to send their employees pay cards rather than cash, checks, or direct deposits as a result of the legislation, which was also known as the "paperless payroll law."
For a small business, payroll used to entail hours of arduous, painstaking effort while storing mountains of paperwork and data. Your payroll operations can be paperless and (nearly) effortless because there are numerous online payroll providers available.
You can save time and effort by handling these chores electronically with online payroll programs rather than printing out payroll reports, paying employees with paper checks, and documenting time and attendance on printed timesheets. They may even enable you to cut back on printing and shipping expenses.
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Which financial statement provides information about a point in time
Answers
The balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. It is sometimes called the "statement of financial position" or "statement of financial condition". The balance sheet presents the company's financial position and gives an overview of the company's assets, liabilities, and equity. This financial statement reflects all the financial transactions of the company that have occurred up to the date the balance sheet is prepared. It also helps to measure the company's liquidity, solvency, and financial health.
Answer:
Explanation:
what are six advantages of books of prime entry
Answers
Answer:
The following are the advantages of maintaining books of original entry: (i) Future references to transactions become easy as transactions of similar nature are recorded in one journal. (ii) Mistakes in ledger accounts can be easily detected. (iii) Chronological recording of transactions reduce the chance of frauds.
Explanation:
totally customized product that only exists in a foreign market
Answers
Answer:
Product Adaptation
Explanation:
You want to determine the control lines for a p-chart for quality control purposes. If the total number of defects from all samples is 2,500, the number of samples is 100, and the sample size is 500, which of the following would be the standard deviation used in developing the control lines?
Answers
You want to determine the control lines for a p-chart for quality control purposes. The standard deviation used in developing the control lines is
stdev = 0.0707
What is the standard deviation?Generally, A measure of how distributed the data is in reference to the mean is referred to as the standard deviation, abbreviated as.
A standard deviation that is low implies that the data are concentrated close to the mean, while a standard deviation that is large shows that the data are widely dispersed.
\(\bar p\) = total number of defects / (sample size * number of samples)
stdev = sqrt((\(\bar p\) * (1 - \(\bar p\) )) / sample size
Where
stdev= standard deviation
\(\bar p\)=population mean
\(\bar P = \frac{2500 }{ (100 * 50) }\)
\(\bar P\)= 0.5
stdev = \(\frac{\sqrt{(0.5 (1 - 0.5)} }{100 }\)
stdev = 0.0707
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B. Matching Type. Match Column B with Column A
Answers
Answer:
B. Matching Type. Match Column B with Column A
1. Safety equipment ⇒ C. Must be worn.
2. Danger signs ⇒ D. Inflammable
3. Safety information ⇒ E. Warning Do not touch.
4. Caution signs ⇒ B. No Smoking
5. Serious injuries ⇒ A. First Aid
What is the meaning of 50k in 2018?
Answers
Answer:
50,000
Explanation:
i hope it helped ya <3
when current period financial statements are audited and presented in comparative form with compiled or reviewed financial statements for the prior period, and the report on the prior period is not reissued, the auditor should include an other-matter paragraph in the current period audit report that includes all of the following except
Answers
The auditor should include an other-matter paragraph in the current period audit report that includes all of the following except a statement that the auditor has not audited, reviewed, or compiled the prior period financial statements.
About financial statementsThe other-matter paragraph should include the following:
- A statement that the prior period financial statements were compiled or reviewed, as applicable
- The date of the prior period compilation or review report
- A statement that the auditor has not performed any auditing, review, or compilation procedures since the date of the prior period report
The purpose of the other-matter paragraph is to clarify the auditor's responsibilities and the level of assurance provided on the prior period financial statements.
It is not necessary to include a statement that the auditor has not audited, reviewed, or compiled the prior period financial statements, as this is already implied by the inclusion of the other information.
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Identify what can happen to an entrepreneur who is personally liable for their business in cases of legal, financial, or other business problems.
Answers
Answer: an entrepreneur who is liable for their business can have major problems for a business like earning less money they can still have a business but it will be hard to have co workers in the business
Explanation:
in what way does the ordinalist approach to study consumer behaviour represents an improvement over the cardinalist approach
Answers
utility wherein the satisfaction derived by the consumers from the consumption of good or service can be expressed numerically.
A water footprint indicates the quantity of water use when it comes to consumption by way of people.[1] The water footprint of an person, community, or commercial enterprise is defined as the whole quantity of clean water used to provide the products and services fed on by the man or woman or network or produced by the enterprise. Water use is measured in water quantity ate up (evaporated) and/or polluted in step with unit of time. A water footprint may be calculated for any properly-described organization of clients (e.g., an person, own family, village, city, province, state, or kingdom) or manufacturers (e.g., a public enterprise, non-public company, or financial zone), for a single system (along with developing rice) or for any products or services.[2]
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What is the first thing people should do when creating a budget?
A. Record everything that they spend and what they spend it on
B. Cut spending in every category of expenditures drastically
OC. Put every extra dollar towards paying off their debts
D. Hire an accountant or financial planner to take care of it
it’s A
Answers
When creating a budget people should Record everything that they spend and what they spend it on. The appropriate response is option A.
What is a budget ?A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis. A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, not falling into debt. Monitoring your income and expenses is a crucial component of budgeting.
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Mary lives in a remote mountain town. The community has been approached by a nuclear power company to build a waste storage facility in an abandoned salt mine in the area. Geologists have surveyed the mine and confirmed that the rock structure is very stable, but Mary still opposes the project. What is her primary concern likely to be?
A.
the cost of construction
B.
reduction in salt supplies
C.
reduction in property values
D.
risk of leakage from the nuclear waste containers
Answers
Answer:
Explanation:
D. risk of leakage from the nuclear waste containers
Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
Answers
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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Conduct a needs assessment to determine how a network could benefit your family. Use three to five sentences to describe the results of your assessment. If you have more than one computer in your home, conduct the needs assessment based on the number of computers in your home. If you don't have one or more computers in your home, conduct the needs assessment as though every family member in your home over the age of five had their own computer.
Answers
The improvement of communication and information accessibility, the practical sharing of resources, data sharing, increased cost efficiency, and affordability are all advantages of family networks.
What use do needs analyses of computer networks serve?The organization's current IT infrastructure, operational processes, security, compliance, management, and performance are confirmed by a network review. This aids in evaluating the state and overall health of your IT infrastructure and reveals any areas that need to be improved.
What is the biggest benefit of a network?Your network can be a fantastic source for novel perspectives and ground-breaking concepts that will help you in your career. Learning from the problems, experiences, and goals of others is one of networking's key benefits.
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The following are data on three promissory notes. Determine the missing amounts. (Round answers to 0 decimal places, e.g. 5,275. Use 360 days for calculation.) Date of Note Terms Maturity Date Principal Annual Interest Rate Total Interest (a) April 1 60 days select a maturity date $630,000 5 % $enter a dollar amount (b) July 2 30 days select a maturity date 86,400 enter percentages % $576 (c) March 7 6 months select a maturity date 136,800 9 % $enter a dollar amount
Answers
Answer:
A. Maturity Date 31-May
Total Interest $5,250
B. Maturity Date 02-Aug
Annual interest rate 8%
C. Maturity Date 07-Sep
Total Interest $6,156
Explanation:
Calculation to Determine the missing maturity dates and Total interest and rates on notes.
Date of Note Terms Maturity Date Principal Annual Interest rate Total Interest
a. 01-Apr 60 days 31-May $630,000 5% $5,250
b. 02-Jul 30 days 02-Aug 86,400 8% $576
c. 07-Mar 6 months 07-Sep 136,800 9% $6,156
Working:
A. Calculation for Total Interest and Maturity Date
Total Interest= $630,000 x 5% x 60 days / 360 days
Total Interest = $5,250
Maturity Date
April 2-30 29
May 1-31 31
Total 60 days
B. Calculation for Annual Interest rate and Maturity date
First step is to calculate the 360 days Interest
360 days Interest = $576 x 360 days / 30 days
360 days Interest = $6,912
Now let calculate the Annual interest rate
Annual interest rate = ($6,912 / 86,400) x 100
Annual interest rate= 8%
Maturity Date
July 3-31 28
August 1-2 2
Total 30 days
C. Calculation for Total Interest and Maturity date
Total Interest = 136,800 x 9% x 6 months / 12 months
Total Interest =$6,156
Maturity date
March 8 to April 7 1
April 8 to May 7 1
May 8 to June 7 1
June 8 to July 7 1
July 8 to August 7 1
August 8 to Sep 7 1
Total 6 months
Therefore the missing maturity dates and Total interest and rates on notes are:
A. Maturity Date 31-May
Total Interest $5,250
B. Maturity Date 02-Aug
Annual interest rate 8%
C. Maturity Date 07-Sep
Total Interest $6,156