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hannahk17 hannahk17
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5 years ago
On August 14, Main Street Bank lent $300,000 to City Cafe on a 75 day, 5% note. What is the maturity date of the note?
A) Oct. 27
B) Oct. 28
C) Oct. 29
D) Oct. 30
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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Replies
wrote...
5 years ago
 B
Explanation:  B) There are 17 days in August (31 - 14); 30 days in September; and 28 days in October  (17 + 30 + 28 = 75 days).
hannahk17 Author
wrote...
5 years ago
Smart ... Thanks!
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