Problem \#3 Mar 11, XYZ Company signed a promissiory note with Chase Bank. The bank...
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Accounting
Problem \#3 Mar 11, XYZ Company signed a promissiory note with Chase Bank. The bank issued the company a $220,000,180-day, discounted note, 3.5%. 1) Calculate the Maturity Date. 2) Calculate the Maturity Value. 3) Record the journal entries for the receipt and payment of the note payable
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