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Griggs Co. received $88,000 from firstbank by signing a $100,000 promissory note. this transaction would create: a. $12,000 debit to discount on note b. $12,000

Griggs Co. received $88,000 from firstbank by signing a $100,000 promissory note. this transaction would create:

a. $12,000 debit to discount on note

b. $12,000 credit to discount on note

c. $12,000 debit to premium on note

d.$12,000 credit to premium on note

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