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    College Accounting Study Set 2
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Interest Due on a $21,000, 4%, 125-Day Note Is: (Use
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Interest Due on a $21,000, 4%, 125-Day Note Is: (Use

Question 1

Question 1

Multiple Choice

Interest due on a $21,000, 4%, 125-day note is: (Use a 360-day year. Do not round any intermediate calculations. Round your final answer to the nearest dollar.)


A) $21,000.
B) $21,292.
C) $292.
D) $840.

Correct Answer:

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