Practical Business Math Procedures
Practical Business Math Procedures
12th Edition
ISBN: 9781259540554
Author: Jeffrey Slater, Sharon Wittry
Publisher: McGraw-Hill Education
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Chapter 11.2, Problem 11AH
To determine

The proceeds received by Johnson Company on $720, 11, 30 day note dated June 4 from Martin Russo until June 17. Johnson discounted the note at Eastern Bank at a 15% discount rate.

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