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On July 1, B & J Salon Co. issues a 60-day note with a face amount of $60,000 to DeeJay Hair Co. for merchandise inventory.
On July 1, B & J Salon Co. issues a 60-day note with a face amount of $60,000 to DeeJay Hair Co. for merchandise inventory. Determine the proceeds of the note assuming the note carries a interest rate of 6%. O $60,000 59,400 $63,600 None of the above
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