A business issued a $5,000, 60-day note to a supplier, which discounted the note at 12%. The
Question:
A business issued a $5,000, 60-day note to a supplier, which discounted the note at 12%. The proceeds are:
a. $4,400
b. $4,900
c. $5,000
d. $5,100 AppendixLO1
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Related Book For 
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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