Canton Graphics Issues a $22,000, 10%, 8-Month Note to Bowden

Multiple Choice

Canton Graphics issues a $22,000, 10%, 8-month note to Bowden Corporation. Interest on the note is _________ and the maturity value is __________. (Do not round any intermediate calculations. Round your final answers to the nearest dollar.)

A) $1,467; $22,000
B) $1,467; $23,467
C) $23,467; $1,467
D) $22,000; $1,467