Chapter 4
Current Liabilities
168
AP-6A (
6
)
NOTE PAYABLE
For the Value Received, the undersigned promises to pay to the order of
U. Paymee
with annual interest of 5% on any unpaid balance. This note shall mature and be payable,
along with accrued interest on:
the sum of
***** $5,000 and 00/100 Dollars *********************** ($5,000.00)
July 31, 2017
February 1, 2017
Issue Date
A. Notemaker
Borrower Signature
Required
Answer the following questions regarding the note shown above.
a) Who is the lender?
b) Who is the borrower?
c) When is payment due?
d) When was the note issued?
e) When is interest payable?
f ) What amount must the borrower pay to the lender?
