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Pelak Products, Inc. borrowed $630,000 by issuing a 9-month note on July 1 of the current fiscal year. The note is due on April 1

Pelak Products, Inc. borrowed $630,000 by issuing a 9-month note on July 1 of the current fiscal year. The note is due on April 1 of the following fiscal year. The short-term note carries a 6% annual ...

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