When a company goes to a bank and exchanges a note for cash,the process is called discounting a note.
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Q62: The discount period on a discounted note
Q67: When a note receivable is discounted, the
Q71: On February 15,Weber Services discounts a customer's
Q72: Mountain Site discounts a customer's 12%,$6,000,90-day note
Q73: Steadman's Computer endorses a customer's note dated
Q74: The entry to record the cash received
Q76: The proceeds from discounting a note receivable
Q77: A $6,500,12% note dated April 23 for
Q78: When a business endorses a note and
Q79: Bill's Bikes discounts a 90-day,8%,$4,000 note at
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