On June 8, Williams Company Issued an $80,000, 5%, 120-Day

question 188

Multiple Choice

On June 8, Williams Company issued an $80,000, 5%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note?

• A) $82,600
• B) $84,000
• C) $81,333
• D) $88,200

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