Find the amount due on the note, Accounting Basics

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Find the amount due on the note

MixRecording Studios purchased $7,800 in electronic components from TechCom. MixRecording Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note?

A. $130

B. $7,800

C. $7,930

D. $8,050

E. $8,130

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Accounting Basics: Find the amount due on the note

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Accounting Basics: Find the amount due on the note

Reference No:- TGS073923

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Amount withdraw at the beginning of each of the next years

Q : Stock and a note payable in the amount

Q : Determining the productivity of organization

Q : Compute the depreciation deduction for the computer system

Q : Find the amount due on the note

Q : What amount of sales must jackson generate

Q : Straight-line amortization used for discounts and premiums

Q : Profitability-what areas of the business would you examine

Q : Affect the accounting for commonwealth edison bond issue

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Find the amount due on the note

Reference No:- TGS073923

Recent Questions Asked Accounting Basics

Q : Amount withdraw at the beginning of each of the next years

Q : Stock and a note payable in the amount

Q : Determining the productivity of organization

Q : Compute the depreciation deduction for the computer system

Q : Find the amount due on the note

Q : What amount of sales must jackson generate

Q : Straight-line amortization used for discounts and premiums

Q : Profitability-what areas of the business would you examine

Q : Affect the accounting for commonwealth edison bond issue

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