Question
DO IT! 9.3 (LO 3) Gentry Wholesalers accepts from Benton Stores a $6,200, 4-month, 9% note dated May 31 in settlement of Benton's overdue account.
DO IT! 9.3 (LO 3) Gentry Wholesalers accepts from Benton Stores a $6,200, 4-month, 9% note dated May 31 in settlement of Benton's overdue account.
Compute maturity date and interest on note.
a. What is the maturity date of the note?
b. What is the interest payable at the maturity date?
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Rehabilitation Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114686, 978-1304114686
