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    Accounting Study Set 4
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    Exam 9: Receivables
  5. Question
    A 60-Day, 12% Note for $7,000, Dated April 15, Is
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A 60-Day, 12% Note for $7,000, Dated April 15, Is

Question 193

Question 193

Multiple Choice

A 60-day, 12% note for $7,000, dated April 15, is received from a customer on account. The face value of the note is


A) $6,860
B) $7,140
C) $7,840
D) $7,000

Correct Answer:

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