A business issued a $5,000, 60-day note to a supplier, which discounted the note at 12%. The

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A business issued a $5,000, 60-day note to a supplier, which discounted the note at 12%. The proceeds are: LO2 A. $4,400 C. $5,000 B. $4,900 D. $5,100

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Accounting

ISBN: 9780324025422

20th Edition

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

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