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    Fundamental Accounting Principles Study Set 1
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    Exam 11: Current Liabilities and Payroll Accounting
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    A Company Borrowed $60,000 by Signing a 60-Day, 5% Note
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A Company Borrowed $60,000 by Signing a 60-Day, 5% Note

Question 41

Question 41

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A company borrowed $60,000 by signing a 60-day, 5% note payable from its bank. Compute the total cash payment due on the note's maturity date.

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At maturity: $60,000...

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