On June 8, Williams Company issued an $85,200, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar. a.$85,200 b.$7,668 c.$87,756 d.$92,868

On June 8, Williams Company issued an $85,200, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar. a.$85,200 b.$7,668 c.$87,756 d.$92,868

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

a.$85,200

b.$7,668

c.$87,756

d.$92,868

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