The accounting department of Delta Sales Company receives an instrument that states: March 16, 2019. Thirty days
Fantastic news! We've Found the answer you've been seeking!
Question:
The accounting department of Delta Sales Company receives an instrument that states:
“March 16, 2019.
Thirty days after date, I promise to pay to the order of cash, $700 (seven hundred and 00/100 dollars), in Denver, Colorado, with interest at the rate of 7% (seven percent) per year. This debt arose from the purchase of a computer. Due: April 15, 2019.
What type of instrument is this? Is it negotiable? (why or why not?)
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
Posted Date: