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During March 2022, American Wholesalers, Inc. incurred total charges of $9,108 for banking services provided...

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Finance

During March 2022, American Wholesalers, Inc. incurred total charges of $9,108 for banking services provided by First State Bank. American Wholesalers did receive an Earnings Credit Rate (ECR) allowance of $375, based on the average earnings balance in its bank account. Based on this information, what is the net amount due for banking services owed by American Wholesalers to First State Bank in March 2022?

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