Pharoah Company accepts from Gates Stores a $ 5,900 , 4 -month, 9 % note dated May
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Question:
Pharoah Company accepts from Gates Stores a $5,900, 4-month, 9% note dated May 31 in settlement of Gates’ overdue account. The maturity date of the note is September 30.
Calculate the interest payable at maturity. (Round answer to 0 decimal places, e.g. 5,275.)
Interest payable at maturity | $enter the interest payable at maturity in dollars rounded to 0 decimal places |
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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