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John had an outstanding amount of $11,600, owing to Ashley On May 2, 2022, Ashley...

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Accounting

John had an outstanding amount of $11,600, owing to Ashley On May 2, 2022, Ashley agreed to convert Johns' account to a 4%, 90-day note having a face value of $11,600.

The due date of the Note is July 29, 2022.

i. True

ii. False

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