College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Transcribed Image Text:A 60-day, 12% note for $10,000, dated May 1, is
received from a customer on account. The maturity
value of the note is:
a. $10,000
b. $10,200
c. $200
d. $9,800
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- A 90-day, 5% note for $9,600, dated May 1, is received from a customer on account. The maturity value of the note is the one listed below. Select the correct answer. $9,720 $120 $9,600 $10,080arrow_forwardA 60-day, 12% note for $38,400, dated May 1, is received from a customer on account. The maturity value of the note is a.$39,168 b.$768 c.$43,008 d.$38,400arrow_forwardA 60-day, 6% note for $26,400, dated May 1, is received from a customer on account. The maturity value of the note, assuming a 360- day year, is A.$264 Ob. $26,664 Oc. $26,400 Od. $27,984arrow_forward
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