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Question - Rockin Distribution sells CDs of the performing artist Kellie Cary on a credit basis. On 4 July 2021, the company received a 90-day, 12% promissory note in exchange for the $5,600 debt of R. Jay.
Required -
1. Calculate the maturity value and maturity date of this promissory note.
2. Prepare the journal entry to record the collection of the promissory note at its maturity date.
Construct Brandywine 2007 income statement and what were brandywire net income, total profit margin,and cash flow?
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