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Following are selected transactions for Dahawy Company. Mar. 21 Accepted a $14,500, 180-day, 11% note dated March 21 from Tamara Hicham in granting a
Following are selected transactions for Dahawy Company. Mar. 21 Accepted a $14,500, 180-day, 11% note dated March 21 from Tamara Hicham in granting a time extension on her past-due account receivable. Sept. 17 Hicham dishonors her note when it is presented for payment. Dec. 31 After exhausting all legal means of collection, Dahawy Company writes off Hicham's account against the Allowance for Doubtful Accounts First, complete the table below to calculate the interest amounts at September 17. (Use 360 days a year.) Principal Rate (%) Time Total interest Total Through. Maturity
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