Hill industries for merchandise inventory

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Swain Enterprises issues a 60-day note for $800,000 to Hill Industries for merchandise inventory. Hill Industries discounts the note at 6%. Assume a 360-day year. For a compound transaction, if an amount box does not require an entry, leave it blank.

Reference no: EM131121529

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Hill industries for merchandise inventory : Swain Enterprises issues a 60-day note for $800,000 to Hill Industries for merchandise inventory. Hill Industries discounts the note at 6%. Assume a 360-day year.

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