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Problem #2 July 30,XYZ Company issued a 90 -day, 8.75% note for $500,000 to ABC Company in exchange for an account, [Round dollars to two
Problem \#2 July 30,XYZ Company issued a 90 -day, 8.75% note for $500,000 to ABC Company in exchange for an account, [Round dollars to two decimal points $1,279.95 ] 1) Calculate the Maturity Date. 2) Calculate the Maturity Value, 3) Record the journal entries for the receipt and payment of the note payable
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