On June 8, Williams Company issued an $72,535, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar. Oa. $6,528 Ob. $79,063 O c. $74,711 Od. $72,535

On June 8, Williams Company issued an $72,535, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar. Oa. $6,528 Ob. $79,063 O c. $74,711 Od. $72,535

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 7MC: On January 1 a company issues a $75,000 bond that pays interest semi-annually. The first interest...

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Question

118.

Subject :- Accounting

On June 8, Williams Company issued an $72,535, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note?
When required, round your answer to the nearest dollar.
Oa. $6,528
O b. $79,063
O c. $74,711
O d. $72,535

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