Two notes payable were outstanding


At the close of the year, two notes payable were outstanding: a 180 day notes for $4,000 dated October 2, 2010, with an interest rate of 12%, and a 90 day note dated November 1, 2010, for $7,500 with an interest rate of 12%.

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Accounting Basics: Two notes payable were outstanding
Reference No:- TGS072097

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