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On August 1, Batson Company Issued a 60-Day Note with a Face

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On August 1, Batson Company issued a 60-day note with a face amount of $120,000 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.)
On August 1, Batson Company issued a 60-day note with a face amount of $120,000 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.)

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