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  3. Study Set
    Fundamental Accounting Principles Study Set 5
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    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    A Company Borrowed $60,000 by Signing a 60-Day, 10% Note
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A Company Borrowed $60,000 by Signing a 60-Day, 10% Note

Question 6

Question 6

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A company borrowed $60,000 by signing a 60-day, 10% 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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