Business, 25.07.2020 18:01, agray062103

Lee accepts a $100,000, 90-day noninterest-bearing note receivable from a customer. The discount rate is 12%. The amount of proceeds of the note used to record the sales revenue is A. $100,000.
B. $103,000.
C. $97,000.
D. $88,000.

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Lee accepts a $100,000, 90-day noninterest-bearing note receivable from a customer. The discount rat...