Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%. The debit to Discount on Notes Payable in the general journal will be in the amount of
A) $9,000.00.
B) $8,820.00.
C) $180.00
D) $9,180.00.
Correct Answer:
Verified
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