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    Fundamental Accounting Principles Study Set 6
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    Exam 9: Accounting for Receivables
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    On July 9,Mifflin Company Receives a $8,500,90-Day,8% Note from Customer
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On July 9,Mifflin Company Receives a $8,500,90-Day,8% Note from Customer

Question 78

Question 78

Multiple Choice

On July 9,Mifflin Company receives a $8,500,90-day,8% note from customer Payton Summers as payment on account.Compute the maturity date for the note.


A) October 8
B) October 7
C) November 8
D) November 7
E) November 6

Correct Answer:

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