On March 9, the T. L. Reid Company received a 90-day, 8 per cent note for $1,500,

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On March 9, the T. L. Reid Company received a 90-day, 8 per¬

cent note for $1,500, dated March 9, from D. Burris, a charge customer, to sat¬

isfy his open account receivable.

a. What is the due date of the note?

b. How much interest is due at maturity?

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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Question Posted: Jun 27, 2024 02:16 AM

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On March 9, the T. L. Reid Company received a 90-day, 8 per cent note for $1,500,

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College Accounting Chapters 1-26

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