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On June 1, 2021, Dirty Harry Co. borrowed cash by Issuing a 6-month noninterest-bearing note with a maturity value of $550,000 and a discount rate

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On June 1, 2021, Dirty Harry Co. borrowed cash by Issuing a 6-month noninterest-bearing note with a maturity value of $550,000 and a discount rate of 9%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2021? (Round all calculations to the nearest whole dollar amount.) Multiple Choice $591,250. $525,250. $508,750 $541,750

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