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On August 1, 20182018, GitoreGitore, Inc., sold equipment and accepted a six-month, 88%, $ 30...

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Question

Accounting

On August 1,

20182018,

GitoreGitore,

Inc., sold equipment and accepted a six-month,

88%,

$ 30 comma 000$30,000

note receivable. How much interest does

GitoreGitore

expect to collect on the maturity date (February 1,

20192019)?

Answer & Explanation Solved by verified expert
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