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Notes Receivable

This document discusses notes receivable, which is a written promissory note to pay a specified amount of money at a determined time. It defines the maker as the party that makes the promise and the payee as the party that receives payment. Notes receivable usually specify payment terms in months but may also use days or years. Most notes receivable accrue interest, but some do not. The document also provides examples of how to calculate maturity dates for notes specified in months or days and the basic formula for computing interest on interest-bearing notes.

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Vincent Caesar
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129 views4 pages

Notes Receivable

This document discusses notes receivable, which is a written promissory note to pay a specified amount of money at a determined time. It defines the maker as the party that makes the promise and the payee as the party that receives payment. Notes receivable usually specify payment terms in months but may also use days or years. Most notes receivable accrue interest, but some do not. The document also provides examples of how to calculate maturity dates for notes specified in months or days and the basic formula for computing interest on interest-bearing notes.

Uploaded by

Vincent Caesar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Notes Receivable

Notes Receivable atau Wesel tagih adalah suatu surat perjanjian tertulis (written promissory note) untuk
membayar sejumlah uang tertentu pada waktu yang ditentukan.
o Pihak yang membuat janji dinamakan the maker.
o Pihak yang menerima pembayaran dinamakan the payee.
o Jangka waktu notes receivable biasanya dinyatakan dalam bulan, namun mungkin saja dinyatakan
dalam hitungan hari atau tahun.
o Pada umumnya, notes receivable memiliki bunga (interest), namun
ada juga yang tidak berbunga.

Menghitung Tanggal Jatuh Tempo ( Maturity Date ) dan Bunga (interest) dari Notes Receivable
Jika jangka waktunya dinyatakan dalam bulan, tanggal jatuh tempo (due date/maturity date) dihitung sejak
dari bulan diterbitkannya notes receivable.
Example:
The maturity date of a 3-month note dated May 31 is August 31.

Determining The Maturity Date


 Jika jangka waktunya dinyatakan dalam hari, kita harus menghitung jumlah harinya.
 Dalam perhitungan, tanggal terbitnya tidak dihitung tetapi tanggal jatuh temponya ikut dihitung.
 Example: The maturity date of a 60-day note dated July 17 is:
Term of Note 60
July 31 – 17 14
August 31 45
Maturity September 15
Formula For Computing Interest
The basic formula for computing interest on an interest-bearing note is :

FACE VALUE Annual Interest Time in this Term Interest


OF NOTE Rate of One Year

Nilai Nominal Tingkat Bunga Bagian Waktu


dari Setahun

COMPUTATION OF INTEREST

Terms of Note Interest Computation


Face X Rate X Time = Interest
$ 730, 18%, 120 days
$1,000, 15%, 6 months
$2,000, 12%, 1 year

MEMBUAT JURNAL PENGAKUAN


RECOGNIZING NOTES RECEIVABLE
General Journal
Date Account Titles Debit Credit

Wilma Company receives a $1,000, 2-month, 12% promissory note from Brent Company to settle an open
account.

Menjelaskan dan Membuat Jurnal Pelunasan dan Pengalihan Notes Receivable


HONOR (PELUNASAN) OF NOTES RECEIVABLE
Oct 1. Cash
Notes Receivable
Interest Revenue
(To record collection of Higley
Inc. note)

 A note is honored when it is paid in full at its maturity date


 For an interest-bearing note, the amount due at maturity is the face value of the note plus
interest for the length of time specified on the note.
 Betty Co. lends Wayne Higley Inc. $10,000 on June 1, accepting a 4-month, 9% interest-
bearing note ($10,000 x 9% x 4/12)
 Betty collects the maturity value of the note from Higley on October 1.

HONOR (PELUNASAN) OF NOTES RECEIVABLE

Sept 30. Interest Receivable


Interest Revenue
(To accrue 4 months’ interest)

If Betty Co. prepares prepares financial statements as of September 30 (before maturity date), interest for 4
months, or $300, would be accrued.
$10,000 x 9% x 4/12 = $300

If Betty Co. prepares prepares financial statements as of August 31, interest for 3 months, or $225, would
be accrued.
$10,000 x 9% x 3/12 = $225
Oct. 1 Cash
Notes Receivable
Interest Receivable
(To record collection of note at
maturity)
When interest has been accrued, it is necessary to credit Interest Receivable at maturity.

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