A company discounted its own $15,000, 60-day noninterest-bearing note at its bank at 12%. The...
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Accounting
A company discounted its own $15,000, 60-day noninterest-bearing note at its bank at 12%. The company should prepare an entry that includes a: Group of answer choices
A.credit to Notes Payable of $15,300.
B.debit to Cash of $15,300.
C.credit to Notes Payable of $14,700.
D.debit to Cash of $14,700.
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