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
Correct Answer:
Verified
Correct Answer:
Verified
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