On november 1 year 1 noble co borrowed 80000 from south, Ask an Expert

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On November 1, Year 1, Noble Co. borrowed $80,000 from South Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately.How much must Noble pay South Bank on May 1, Year 2, when the note matures?

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Accounting Basics, Accounting

Category:- Accounting Basics
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