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On november 7 mura company borrows 240000 cash by signing a 90 day 11% $240000 note payable.

1 Answer

3 votes

Answer:

On November 7, Mura Company borrowed $240,000 in cash by signing a 90-day 11% note payable. This means they will need to repay the $240,000 plus 11% interest within 90 days from November 7th.

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User Tasontag
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