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Question 13 (2.5 points) Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000, 6%, 60-day note dated December 1, 2019

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Question 13 (2.5 points) Use the following information for the next FIVE questions. Preston Incorporated accepted a $20,000, 6%, 60-day note dated December 1, 2019 from Jill Bach granting an extension on her past-due account receivable. (If necessary, round to the nearest dollar). Question 2 of 5: What amount of cash will Preston receive if the note is honored on the maturity date? $18,800. $20,000 $20,200. $21,200

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