P 7-33A (30-40 min.) Req. 1 Note (1) (2) (3) Due Date Principal + Interest Req. 2 = Maturity Value Journal Date 2008 Dec. Accounts and Explanations...

P8-33A The Bailey Insurance Agency received the following notes during 2008:Note Date Principal Amount Interest Rate Term(1) Dec.23 $13,000 9% 1 year(2) Nov.30 $12,000 12% 6months(3) Dec.7 $9,000 10% 30daysRequirments1.Identifying each note by number, compute interest using a 360-day year, and determine the due date and maturity value of each note.