On December 1,2014,Laramie Company received a $10,000,60-day,6% note from a customer.On December 31,2014,the company discounted the note at the bank.The bank's discount rate is 9%.What were the proceeds that Barnes received from the discounting of the note?
A) $10,024.25
B) $9,700.00
C) $9,924.25
D) $10,050.00
Correct Answer:
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