Question 7 1.25 pts On December 1, Martin Company signed a $5,000 3-month 6% note...
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Question 7 1.25 pts On December 1, Martin Company signed a $5,000 3-month 6% note payable, with the principal plus interest due on March 1 of the following year. What amount of cash is paid at maturity? $5,000 $5.025 $5,075 O $5,300 Question 8 1.25 pts Your company collected $12,000 in cash from total cash receipts. Sales tax rate is 8%. How much is the Sales Tax? O $960 $1.200 $889 O $11,111
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