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On June 8, Alton Co. issued an $80,042, 11%, 120-day note payable to Seller Co. Assuming a 360-day year for your calculations, what is the

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On June 8, Alton Co. issued an $80,042, 11%, 120-day note payable to Seller Co. Assuming a 360-day year for your calculations, what is the maturity value of the note? When required, round your answer to the nearest dollar. Select the correct answer. $8,805 $80,042 $88,847 $82,977

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