On June 8, Williams Company issued an $80,000, 5%, 120-day note payable to Brown Industries....
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Accounting
On June 8, Williams Company issued an $80,000, 5%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar.
a.
$82,600
b.
$84,000
c.
$81,333
d.
$88,200
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