Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7,800. What is the amount due on the note (including interest) at its maturity date? - $130 - $7,800 - $7,930 - $8,050 - $8,130

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Valley Spa purchased $7,800 in plumbing components
from Tubman Co. Valley Spa Studios signed a 60-day,
10% promissory note for $7,800. What is the amount
due on the note (including interest) at its maturity date?
- $130
- $7,800
- $7,930
- $8,050
- $8,130
Transcribed Image Text:Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7,800. What is the amount due on the note (including interest) at its maturity date? - $130 - $7,800 - $7,930 - $8,050 - $8,130
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