On June 8, Alton Co. issued an $90,000, 6%, 120-day note payable to Seller Co. Assuming a
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Question:
On June 8, Alton Co. issued an $90,000, 6%, 120-day note payable to Seller Co. Assuming a 360-day year for your calculations, what is the maturity value of the note?
a. $90,450
b. $90,000
c. $91,800
d. $95,400
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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