Complete the following table for the simple discount notes using the ordinary interest method: Amount Due at Maturity Discount Rate Time Bank Discount Proceeds $22,000 4.8% 180 days? ?

College Accounting, Chapters 1-27
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ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
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Complete the following table for the simple discount notes using the ordinary interest method:
Amount Due at Maturity Discount Rate Time Bank Discount Proceeds
$22,000
4.8%
180 days?
?
Transcribed Image Text:Complete the following table for the simple discount notes using the ordinary interest method: Amount Due at Maturity Discount Rate Time Bank Discount Proceeds $22,000 4.8% 180 days? ?
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