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On December 1, 2014, Laramie Company received a $10,000, 60-day, 6% note from a customer. On December 31, 2014, the company discounted the note at
On December 1, 2014, Laramie Company received a $10,000, 60-day, 6% note from a customer. On December 31, 2014, the company discounted the note at the bank. The banks discount rate is 9%. What were the proceeds that Barnes received from the discounting of the note? (a) $9,700.00 (b) $10,050.00 (c) $9,924.25 (d) $10.024.25 Please give me the correct answer. Thanks
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