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Do It! Review 8-3 (Part Level Submission) Concord Corporation accepts from Gates Stores a $8,800, 4-month, 8% note dated May 31 in settlement of Gates'

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Do It! Review 8-3 (Part Level Submission) Concord Corporation accepts from Gates Stores a $8,800, 4-month, 8% note dated May 31 in settlement of Gates' overdue account. The maturity date of the note is September 30 (a) Your answer is correct. Calculate the interest payable at maturity. (Round answer to 0 decimal places, e.g. $155.) Interest payable at maturity SHOW SOLUTION SHOW

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