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A 60-day, 9% discounted note for $26,400 is received from a customer on account on May 1. What are the proceeds from the note on
A 60-day, 9% discounted note for $26,400 is received from a customer on account on May 1. What are the proceeds from the note on May 1?
Select the correct answer.
$396
$26,400
$26,004
$26,796
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Accounting
Authors: Michael J. Jones
2nd Edition
0470017791, 978-0470017791
