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    College Accounting Study Set 2
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    Exam 14: Notes Receivable and Notes Payable
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    The Principal Amount on a $1,800, 4%, 60-Day Promissory Note
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The Principal Amount on a $1,800, 4%, 60-Day Promissory Note

Question 72

Question 72

Multiple Choice

The principal amount on a $1,800, 4%, 60-day promissory note is: (Do not round any intermediate calculations. Round your final answer to the nearest cent.)


A) $12.00
B) $1,800
C) $72
D) $1,812.00

Correct Answer:

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