On June 8, Williams Company issued an $75,972, 6%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? WhenⒸrequired, round your answer to the nearest dollar.O a. $75,972Ob. $77,491Oc. $80,530Od. $4,558Next

Answer : Interest = Notes value * Interest rate * Days Interest = $75,972 * 6%*120/360 Interest =…

Answered: 2, 69 st dol

Business

Accounting

2, 69 st dol

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

On June 8, Williams Company issued an $75,972, 6%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When
Ⓒ
required, round your answer to the nearest dollar.
O a. $75,972
Ob. $77,491
Oc. $80,530
Od. $4,558
Next

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