On May 17, Bruno Olive Co

question 155

Multiple Choice

On May 17, Bruno Olive Co. accepted a $6,500, 8%, 90-day note from a customer. On June 11, the note was discounted at 10%. At maturity date, the note was dishonored and the bank charged a $25 protest fee. The amount that Bruno Olive Co. would debit to Notes Receivable Dishonored is

• A) $6,655.00
• B) $6,535.29
• C) $6,525.00
• D) $6,130.00

---

Definitions:

Recent Hire

An individual who has been employed by an organization or company in the near past.

Competing Firm

A company that operates in the same industry and market as another, offering similar products or services to the same customer base.

Telecommunications

The technology-driven sector that facilitates communication over distances through the transmission of voice, video, data, and other signals by electronic or electromagnetic means.

Advertisement

A public announcement or display promoting a product, service, or event to attract public interest.