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Vision importing Company engaged in the following transactions involving promissory notes: July 2 Sold engines to Morgan Company for $180,000 in exchange for a 90-day,

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Vision importing Company engaged in the following transactions involving promissory notes: July 2 Sold engines to Morgan Company for $180,000 in exchange for a 90-day, 12 percent promissory note. 15 Sold engines to Level Company for $96,000 in exchange for a 60-day, 13 percent note. 30 Sold engines to Level Company for $90,000 in exchange for a 90-day, 11 percent note. 1. For each of the notes, determine the (a) maturity date, (b) interest on the note, and (c) maturity value. Round your answers to the nearest cent. Maturity date: Interest at maturity: Maturity value: Assume that the fiscal year for Vision Importing ends on August 31. How much interest income should be recorded on that date? Round your answer to the nearest cent. What are the effects of the transactions in July on cash flows for the year ended August 31? The input in the box below will not be graded, but may be reviewed and considered by your instructor

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