On Nov 1 2021, Calixo Co. accepted a 90 day, 8% $2,000,000 note from Harmony Trading. Calixo Co. immediately discounted with recourse the note to a blank that offers a 10% discount rate. On maturity date, Harmony Trading dishonored the note. The bank charged processing fee of $8,000. How much is the total receivable of Calixo Co. from Harmony Trading? show solution

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A: Notes Payable / Receivable The purpose issuing the Notes receivable / Notes payable to collect the…

Q: On April 1, 2020, Neptune Company discounted with recourse a 9-month, 10% note dated January 1, 2020…

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A:

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A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…

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