Accounting for Notes Receivable - Understanding Maturity Date and Interest

Hello! I’m Jonathan Wild, let's learn how to compute maturity date and interest for notes receivable. We cover what a note is, distinguish it from Accounts Receivable, and work through a comprehensive example.

📍 Introduction to Notes & Notes Receivable
📍 Detailed Example: $10,000, 120-day, 9% Note
📍 Calculating Maturity Date & Interest
📍 Clarification on the Usage of a 360-Day Year (Banker's Rule)

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Jonathan M. Wild
www.wildaccounting.com

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