Question
On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $60,764 to Reyes Products, Inc. for merchandise inventory. Determine the
On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $60,764 to Reyes Products, Inc. for merchandise inventory. Determine the proceeds of the note assuming the note is discounted at 7%.
Select the correct answer.
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Personal Trainer Online Purchase Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Philip E. Fess
8th Edition
0324204604, 978-0324204605
