Hemmer Company received a 12%, 6-month promissory note with a face amount of $10,000 from Stutfeld Company, for the sale of merchandise on December 1, 2014.
A Which party is the maker? _______________________
B Which party is the payee? _____________________
C Determine the maturity value of the note.

Question

Quizplus · Accepted Answer

The Answer of Hemmer Company received a 12%, 6-month promissory note with a face amount of $10,000 from Stutfeld Company, for the sale of merchandise on December 1, 2014.
A Which party is the maker? _______________________
B Which party is the payee? _____________________
C Determine the maturity value of the note.

Hemmer Company Received a 12%, 6-Month Promissory Note with a Face