Question
3. On September 30, 2019, Juice Company discounted at the bank a customer's P5,000,000 6-month 10% note receivable dated June 30, 2019. The bank discounted
3. On September 30, 2019, Juice Company discounted at the bank a customer's P5,000,000 6-month 10% note receivable dated June 30, 2019. The bank discounted the note at 12%. The proceeds from this discounted note amounted to
P5,170,000 P5,092,500 P4,842,000; P5,250,000
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
