Answered: The maturity value of a $183,600, 11%,…

The maturity value of a $183,600, 11%, 40-day note receivable dated July 3 is a.$185,844 b.$183,600 c.$192,576 d.$203,796

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 1SEQ: A business issued a $5,000, 60-day, 12% note to the hank. The amount due at maturity is: A. $4,900...

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Question

The maturity value of a $183,600, 11%, 40-day note receivable dated July 3 is

a.$185,844

b.$183,600

c.$192,576

d.$203,796

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