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  3. 15. a business issued a $5,000, 60-day note to a s

15. A business issued a $5,000, 60-day note to a supplier, which discounted the note...

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Accounting

15. A business issued a $5,000, 60-day note to a supplier, which discounted the note at 12%. The proceeds are:

a. $4,400

b. $4,900

c. $5,000

d. $5,100

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