Question: Entries for discounted note payable A business issued a 3 0 - day note for $ 4 8 , 0 0 0 to a bank.

Entries for discounted note payable
A business issued a 30-day note for $48,000 to a bank. The note was discounted at 8%. Assume a 360 days in a year.
Entries for discounted note payable A business issued a 30-day note

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