FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:On June 1, 2021, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a
maturity value of $430,000 and a discount rate of 7%. Assuming straight-line amortization of the discount,
what is the carrying value of the note as of September 30, 2021? (Round all calculations to the nearest
whole dollar amount.)
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