Assuming a 360-day year, when a $9,300, 90-day, 6% interest-bearing note payable matures, total payment will be Round your answer to the nearest whole dollar. a.$9,440 b.$9,858 c.$558 d.$140

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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Assuming a 360-day year, when a $9,300, 90-day, 6% interest-bearing note payable matures, total payment will be

Round your answer to the nearest whole dollar.

a.$9,440
b.$9,858
c.$558
d.$140
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