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Assume that on September 1, 2019, X issues a $41624.16, four-month, zero-interest bearing note to Palestine Bank. X received 40624.16 cash. The discount on notes

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Assume that on September 1, 2019, X issues a $41624.16, four-month, zero-interest bearing note to Palestine Bank. X received 40624.16 cash. The discount on notes payable a. 1624 b. 4995 C. 1000 d. 15171

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