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A 60-day,12% note for $15,000 dated May 1 is received from a customer on account.
The maturity value of the note is
Felony
A serious crime, usually punishable by imprisonment for more than one year or by death.
Proper Records
Maintaining accurate and complete documentation of all transactions and operations in business, necessary for compliance and auditing purposes.
Criminally Liable
The legal responsibility one holds for committing an act that is prohibited by law, potentially resulting in criminal prosecution and penalties.
Prosecutor
An attorney who conducts the case against a defendant in a criminal court.
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