Non-Interest Bearing Notes Receivable Entries (Intermediate Financial Accounting #11)
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- Опубликовано: 4 янв 2015
- Watch as we recognize non-interest bearing (zero interest bearing) notes receivables and measure accrued interest accordingly. This is the first tutorial of two that will cover how to account for non interest bearing notes.
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simple and straight to the point I see comments about miscalculation but its about how u account for the given note is what I was curious about so thank you
this was really helpful, Thanks so much!
0.10 / 12 = .0083, not .083
Thank you right now because of COVID 19 we got online classes and this is making it so much easier to understand
Anything to make the lives of students easier during this period :)
i want to know when its calculating the rate i mean r what kind of procedure to follow?
Thank you so much for making these simply explained lessons. I was struggling in a finance class for my own online education, which was largely done through textbook and written lecture. Each week, I was able to use your video modules to help me understand the concepts from a visual context, which then allowed me to go back and read the text to understand the lessons. Thanks to your modules, I got an A in the class and another student in my class, who I shared you modules with, was able to achieve a B even though she was failing early on into the course. You are an outstanding instructor and I applaud you for sharing your knowledge to help others learn.
Please use any way you wish. If you need more information or another format, I'd be happy to do. Joel
N/R..........600
A/R...........600 is this transaction correct
Am I doing something wrong...when I divide 0.10 by 12 I get 0.0083 not 0.083
that is why my computation is not accurate when i used .083 hehe thanks for this comment.
when I did the math for 5804.10 x .0083 I got the product of 48.17403 or 48.17, i am not sure if i am missing something.
.008333333333333333333333 (just do the formula in excel)
If you had a 3 year note non-interest bearing note Face value 200,000 and Pv factor 0.75 and market rate is 10%. The Pv is 150,000. The first year interest will be will be 150,000/.1 = 15000. But the second year, the interest will be 165000/.1 =16500.
Why don't we just take interest of 15000 every year?
How to write journal entry once received all the cash？
actually that was great
How they are alike?
Totally different from what is being taught....
Notepirate the entry to recognize should be N/R 6000
Discount on N/R 195.90
Cash credit 5804.10
GAAP would mandate the separate recording to the discount or premium on as to keep the N/R at face value. Same as why we account for allowances separately from their respective normal accounts.
Dont get me wrong the explanation you offered was fantastic. So thank you for that!
This is the net method he is using