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On November 12021 Penny Worth Inc accepted a three month, 8%$61,200 note from Cato Inc in settlement of its account. Interestis due on first day

On November 12021 Penny Worth Inc accepted a three month, 8%$61,200 note from Cato Inc in settlement of its account. Interestis due on first day of each month starting December 1. Bothcompanies' ye 2 answers

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