On February 1, Electronic Warehouse Co. issued a 30-day note with a face amount of ($ 50,000)

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On February 1, Electronic Warehouse Co. issued a 30-day note with a face amount of $\$ 50,000$ to Yamura Products Co. for cash.

a. Determine the proceeds of the note, assuming the note carries an interest rate of $6 \%$.

b. Determine the proceeds of the note, assuming the note is discounted at $6 \%$.

objs. $2,3,4$

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 11, 2024 12:01 AM

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On February 1, Electronic Warehouse Co. issued a 30-day note with a face amount of ($ 50,000)

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Financial Accounting

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