Question
On November 1, Year 1, Noble Company borrowed $124,000 from South Bank and signed a 6%, seven-month note payable, all due at maturity. How much
On November 1, Year 1, Noble Company borrowed $124,000 from South Bank and signed a 6%, seven-month note payable, all due at maturity.
How much must Noble pay South Bank on May 1, Year 2, when the note matures?
127,720
$128,340
125,860
124,000
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Between The Lines Of The Balance Sheet The Plain Mans Guide To Published Accounts
Authors: Michael Greener
2nd Edition
0080240712, 9780080240718
