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A 60-day, 7% discounted note for $30,000 is received from a customer on account on May 1. What are the proceeds from the note on

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A 60-day, 7% discounted note for $30,000 is received from a customer on account on May 1. What are the proceeds from the note on May 12 Select the correct answer. $350 $29,650 $30,000 $30,350

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