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What else can I help you with?
What is a interest bearing note payable?
Is interest deduct before the note payed out.
Maturity value of an interest-bearing note payable is the?
Face value plus interest.
1 When a corporation pays a note payable and interest?
Debit notes payable and interest expense
Difference between interest-bearing and non-interest-bearing debt?
Difference between interest-bearing and non-interest-bearing note.
When an interest-bearing note matures the balance in the Notes Payable account is?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
When an interest-bearing note matures what is the balance in the notes payable account?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
How do you make a journal entry recording an annual interest payment on a note payable?
debit interest expensecredit notes payable
Interest due on a note payable?
soes big lot have any notes payable if so when are they due and what interest rate are they paying back.
What is a Long Term Notes Payable?
They are similar to short-term interest-bearing notes payable except that the term of the notes exceeds one year. a long term note is often secured by a mortgage that pledges title to specific assets as security for a loan.
What is the difference between the amount received from issuing a note payable and the amount repaid is referred to as?
Interest.
What are the accounting journal entries for payment in kind interest on a note?
debit interest in kindcredit notes payable
Can short-term notes payable be replace as an account payable?
Generally as a rule this does not happen. Notes Payable refer to a liability that will be paid off in more than a year. An account payable is a liability that will be paid off in less time than that, within one year or less (or accounting period). It is generally easier to take an account payable and convert it into a note payable and really pointless to do the reverse.A note payable involves a promissory note, while an account payable does not. Even if the company chooses to pay off the note payable earlier than expected, there is no real reason to convert it from a note payable to an account payable, if they wish to do this to try and save on interest expense that is pointless as well, if the note is paid off early, then the company will not be charged the full interest anyway.Now to really specify the answer to your "exact" question. A short-term note is an account payable. They are one in the same. A short-term note payable is a payable that is expected to be paid off with in one year or less.
