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15. On August 16, 2020, ABC writes a 90-day, 7.5%, $55,000 note to settle an open account with XYZ Assuming that ABC pays the note
15. On August 16, 2020, ABC writes a 90-day, 7.5%, $55,000 note to settle an open account with XYZ Assuming that ABC pays the note in full on its due date and a 360 day year is used to calculate interest, how much cash will XYZ record on its statement of financial position, and on what date will the cash be received? (2 points) $10.3125 on Oct 15, 2020 $1,03125 on Nov. 15, 2020 $1.03125 on Oct. 15.2020. $10,3125 on Nov. 15. 2020
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