Solved: What is the due date of the note how much will bobs music, Accounting Basics

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What is the due date of the note how much will bobs music

SE4-8A. Analyze notes receivable. (LO 5). On May 1, 2011, Bob's Music renegotiated its overdue account balance of $2,500 with Spectrum Electronics by signing a two-month promissory note at an interest rate of 5%. What is the principal amount of the note?

What is the due date of the note? How much will Bob's Music repay on the due date of the note?

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Accounting Basics: What is the due date of the note how much will bobs music

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