Mcnamee juices sells products in the health-food industry

Reference no: EM13600368

McNamee Juices sells products in the health-food industry. McNamee sold Johnny Mac merchandise for $5,000 on account. Johnny Mac ran into a cash crunch and was able to pay only $1,200 in the prescribed period. Both parties agreed to satisfy the remaining balance with a six-month note, at a 13% interest, all payable at the end of the note.

Reference no: EM13600368

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