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how do you calculate prepaid interest and notes payable from Borrowed money from Second National Bank by issuing a four-month, 9 percent note for $48,000;
how do you calculate prepaid interest and notes payable from Borrowed money from Second National Bank by issuing a four-month, 9 percent note for $48,000; received $46,560 because the bank deducted the interest in advance
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
