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A company accepted a $10,000 note receivable from a customer for a term of 3 months at a rate of 6%. When the note was
A company accepted a $10,000 note receivable from a customer for a term of 3 months at a rate of 6%. When the note was dishonoured on the maturity date, the balance owing was transferred to Accounts Receivable. How much cash will the company receive when the account is paid in full one month after the maturity date? Select answer from the options below $10,200 $10,150 $10,000 $11,800
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