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Robinson s , an electrical supply company, sold $ 7 , 2 0 0 of equipment to Jim Coates Wiring, Incorporated Coates signed a promissory

Robinsons, an electrical supply company, sold $7,200 of equipment to Jim Coates Wiring, Incorporated Coates signed a promissory note May 12 with 4.4% interest. The due date was August 10. Short of funds, Robinsons contacted Capital One Bank on July 20; the bank agreed to take over the note at a 6.1% discount.

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