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On April 1, 2021, Mary Ann borrowed from Banco Silya, and the loan is payable...

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Accounting

On April 1, 2021, Mary Ann borrowed from Banco Silya, and the loan is payable after 1 year and 6 months. If the non-interest bearing note issued was discounted immediately by the bank at 10%, find the face value of the note proceeds received on discounting was P51,000.

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