Multiple Choice
Valley Spa purchased $7,800 in plumbing components from Tubman Co.Valley Spa Studios signed a 60-day,10% promissory note for $7,800.If the note is dishonored,what is the amount due on the note? (Use 360 days a year.)
A) $130
B) $7,800
C) $7,930
D) $8,050
E) $8,130
Correct Answer:

Verified
Correct Answer:
Verified
Q14: The accounts receivable method to estimate bad
Q28: The allowance method based on the idea
Q62: Majesty Productions accepted a $7,200,120-day,6% note from
Q89: The expense recognition (matching) principle requires use
Q94: Factoring receivables is beneficial to a seller
Q119: White Company allows customers to make purchases
Q125: A company using the percentage of sales
Q127: At December 31,Yarrow Company reports the
Q128: On November 19,Nicholson Company receives a $15,000,60-day,8%
Q192: As long as a company accurately records