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Valley Spa Purchased $7,800 in Plumbing Components from Tubman Co

Question 144

Multiple Choice

Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)


A) $8,130
B) $7,800
C) $7,930
D) $130
E) $8,050

Correct Answer:

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