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Blueberry Inc. received a 18o-day, 6% note for $60,000, dated May 15 from a customer on account Determine the due date of the note. Determine
Blueberry Inc. received a 18o-day, 6% note for $60,000, dated May 15 from a customer on account Determine the due date of the note. Determine the maturity value of the note. Journalize the entry to record the receipt of the payment of the note at maturity On December 1, Bella Salon Company borrowed cash from Best Bank by issuing a 60-day note with a face amount of $60,000. Determine the proceeds of the note, assuming the note carries an interest rate of 10%. Determine the proceeds of the note, assuming the note is discounted at 10%
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