Question
Buffet Wholesalers accepts from Gates Stores a $6,200, 4-month, 9% note dated May 31 in settlement of Gates overdue account. The maturity date of the
Buffet Wholesalers accepts from Gates Stores a $6,200, 4-month, 9% note dated May 31 in settlement of Gates overdue account. The maturity date of the note is September 30.
Calculate the interest payable at maturity. (Round answer to 0 decimal places, e.g. $155.)
| Interest payable at maturity: $ __________ |
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CIA Part 1 Essentials Of Internal Auditing Certified Internal Auditor 2019
Authors: Muhammad Zain
1st Edition
1091949182, 978-1091949188
