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Accounting Chapter 9
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the interest accrued on money borrowed
interest expense
the amount that is due on the maturity date f a note
maturity value
the day a note is issued
date of a note
the original amount of a note
principal of a note
the date a note is due
maturity date
an amount paid for the use of money for a period of time
interest
the percentage of the principal that is paif for use of the money
interest rate of anote
a written and signed promise to pay a sum of money at a specified time
promissory note
promissory notes signed by a business and given to creditors
notes payable
expenses paid in one fiscal period but not reported as expenses until a later fiscal period
prepaid expenses
an entry made at the beginning of one fiscal period to reverse an adjusting entry made in the previous fiscal period
reversing entry
expenses incurred in one fiscal period but not paid until a later fiscal period
accrued expenses
Author
kaylacody17
ID
204886
Card Set
Accounting Chapter 9
Description
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Updated
2013-03-04T17:08:22Z
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