Given: an 11% 120-day $9,000 note. Find the adjusted balance (principal) using the U.S. Rule (360 days)

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Given: an 11% 120-day $9,000 note. Find the adjusted balance (principal) using the U.S. Rule (360 days) after the first payment on the 65th day of $1,000. (Round your answer to the nearest cent.)

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Financial and Managerial Accounting

ISBN: 978-1285866307

13th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Posted Date: Feb 28, 2024 12:04 AM

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Given: an 11% 120-day $9,000 note. Find the adjusted balance (principal) using the U.S. Rule (360 days)

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Financial and Managerial Accounting

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