=+PE 11-1A Proceeds from notes payable obj. 1 EE 11-1 p. 488 On February 1, Electronic Warehouse
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=+PE 11-1A Proceeds from notes payable obj. 1 EE 11-1 p. 488 On February 1, Electronic Warehouse Co. issued a 45-day note with a face amount of
$80,000 to Yamura Products Co. for cash.
a. Determine the proceeds of the note, assuming the note carries an interest rate of 10%.
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