Sponge Corp. received from a customer a P4,000,000, 90-day, 12% interest-bearing note dated June 1, 2019. On
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What is the amount received from the discounting of note receivable?
What is the loss on note receivable discounting?
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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