provide answer with correct option A company receives a 6.2%, 60-day note for $9,65The total amount of cash due on the maturity datea. $598.30.b. $99.72.c. $9,650.00.d. $9,749.72.

To find the total amount of cash due on the maturity date for the note, we will calculate the…

Answered: A company receives a 6.2%, 60-day note…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 22MC: A company collects an honored note with a maturity date of 24 months from establishment, a 10%...

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A company receives a 6.2%, 60-day note for $9,65 The total amount of cash due on the maturity date a. $598.30. b. $99.72. c. $9,650.00. d. $9,749.72.