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A 60-day, 10% note for $16,800, dated May 1, is received from a customer on account. The maturity value of the note is O a.
A 60-day, 10% note for $16,800, dated May 1, is received from a customer on account. The maturity value of the note is O a. $16,800 O b. $17,080 O c. $280 O d. $18,480 A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. This item would be included on the bank reconciliation as a(n) O a. deduction from the balance per the bank statement O b. deduction from the balance per the company's records O c. addition to the balance per the bank statement O d. addition to the balance per the company's records
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