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On June 10, 20X1, Alaska State Company received a $6,400, 45-day, 12 percent note from Samuel Adams, a customer whose account was past due. Alaska

On June 10, 20X1, Alaska State Company received a $6,400, 45-day, 12 percent note from Samuel Adams, a customer whose account was past due. Alaska discounted the note on June 25, 20X1 at Georgia State...

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